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- XTD (XTD) is getting ready to announce a material capital raise after placing its shares in a trading halt
- The trading halt will remain in place until the full announcement is made, or until August 19
- XTD’s subsidiary Motio was recently awarded national agency and programmatic sales rights for Swift Media’s (SW1) Health and Wellbeing screen network
- The contract runs for at least three and a half years and will see Motio take a 35 per cent cut of any sales revenue
- Shares in the company last traded for 4.2 cents per share on August 14
Digital advertising agency XTD (XTD) is getting ready to announce a capital raise after placing its shares in a trading halt.
The trading halt will remain in place until the full announcement is made, or by Wednesday, August 19 at the latest.
The capital raise comes as the company’s subsidiary Motio was recently awarded national agency and programmatic sales rights for Swift Media’s (SW1) Health and Wellbeing screen network.
The partnership between the two businesses will last at least three and a half years, with the possibility of a two-year extension.
Under the deal, Motio will sell media to brands and their advertising agencies for Swift, taking a 35 per cent cut of any sales revenue.
Before today’s trading halt, shares in XTD last traded for 4.2 cents each on August 14.
