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- Tire processing company Pearl Global (PG1) enters trading halt as it plans an upcoming capital raise
- So far, it is not known how much the company is looking to raise or where it will spend the money
- Company shares will be paused until Friday December 12, or when further details about the raise is released
- Earlier this month, the company appointed David Wheely as its new CEO, who will commence his role in February
- On the market, Pearl last traded at 2.7 cents per share
Pearl Global (PG1) has entered into a trading halt as it plans an upcoming capital raise.
It is currently not known how much the company is aiming to raise or where the funds will be spent.
Under the halt, company shares will be paused until Friday December 12, or when further details about the raise is released, whichever one comes first.
Pearl Global is a tire processing company with technology that cleanly converts tires into valuable secondary products.
Earlier this month, the company appointed David Wheely as its new CEO, who will commence his role in February.
The new appointment follows Mike Barry becoming Non-Executive Chairman in August as Pearl renews its board and management.
Previously, Mr Wheely was General Manager of Cleanaway Waste Management’s Solid
Waste Services in Queensland.
On the market, Pearl last traded at 2.7 cents per share.
