- Openlearning (OLL) has entered back-to-back trading halts ahead of a capital raise and licence agreement
- The agreement is with the University of New South Wales Global to design and deliver a new online education program for international students
- OLL specialises in online learning including short courses, micro-credentials and online degrees
- While it isn’t certain how much OLL will raise or what the funds will be used for, the money could be put towards the online education program the business has been working on
- Shareholders will get more details on or before Wednesday, October 28
- Company shares last traded for 29.5 cents on Wednesday, October 21
Openlearning (OLL) has entered back-to-back trading halts ahead of a capital raise and licence agreement.
While details of the capital raise aren’t yet known, OLL has said the contract is with the University of New South Wales Global to design and deliver a new online education program for international students.
Openlearning is an online platform that provides online learning from short courses through to micro-credentials and online degrees. The platform offers learner engagement, assessment, marketing, certification, and more.
The upcoming licence agreement follows several key partnerships signed this year. A significant partnership was signed with Open Universities Australia (OUA) in July. The agreement saw OpenLearning deliver micro-credentials from Australian universities to be promoted on OUA’s marketplace.
Openlearning also signed agreements with DeakinCo., Heriot-Watt University Malaysia, Australian Catholic University and High Resolves.
While it isn’t certain how much OLL will raise or what the funds will be used for, the money could be put towards the online education program the business has been working on.
The company will remain in the trading halts until the earlier commencement of trading on Wednesday, October 28, unless further details of the raise and agreement are made earlier.
Company shares last traded for 29.5 cents on Wednesday, October 21.