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- Security monitoring and solutions company Threat Protect Australia (TPS) enters back-to-back trading halts ahead of capital raise
- It is unknown how much the company is aiming to raise or where the funds will be spent
- Company shares will be paused until Tuesday, September 28, or when more information is released to the market
- On the market, Threat Protect last traded at two cents per share
Threat Protect Australia (TPS) has entered into a back-to-back trading halts ahead an upcoming capital raise.
There are currently no details on how much the company is aiming to raise or where the funds will be spent.
Under the halt, company shares will be paused until Tuesday, September 28, or when more information is released to the market.
Threat Protect provides security monitoring and solutions to Australian homes and businesses.
Earlier this month, appointed Ragesh Tailor as its new Chief Financial Officer, who will commence the role on October 1.
Mr Tailor is a senior financial executive with considerable CFO experience in various industries, especially the monitoring industry.
The company also wishes to announce the resignation of Derek La Ferla as a Non-Executive Director, who has been with the company for five years.
On the market, Threat Protect last traded at two cents per share.
