- Cybersecurity company Senetas Corporation (SEN) enters into a trading halt as it plans for an upcoming capital raise
- So far, it is not known how much the company is aiming to raise or where the funds will be spent
- SEN shares will be paused until Thursday, May 5, or when further details about the raise are released to the market
- At the end of the first half of FY22, Senetas’ consolidated net assets were $11.3 million with no debt and cash on hand of $9.7 million
- On the market, SEN last traded at 4.4 cents each
Global leader in cybersecurity Senetas Corporation (SEN) has entered into a trading halt as it plans for 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 Thursday, May 5, or when further details about the raise are released to the market, whichever one comes first.
Senetas cybersecurity solutions provide enterprise wide security for remote workers and long-term protection of network transmitted data.
At the end of the first half of FY22, Senetas’ consolidated net assets were $11.3 million with no debt and cash on hand of $9.7 million.
Customer receipts were slightly ahead of revenue for the first half. Group net cash outflows from operating activities totalled $2.4 million.
On the market, SEN last traded at 4.4 cents per share.