- YPB Group (YPB) begins the week in a trading halt while it considers, plans and executes a capital raising
- The company will remain in the halt until October 20 or when an announcement is made, whichever occurs first
- On October 12, the anti-counterfeit and consumer solutions provider launched MultiSec Shield for the supply of government documents globally
- MutlSec Shield is an over-laminate product that can detect fake documents in various applications such as birth certificates or ID cards
- Shares in YPB last traded at 0.4 cents on October 13
YPB Group (YPB) has begun the week in a trading halt while it considers, plans and executes a capital raising.
The company will remain in the halt until October 20 or when an announcement is made, whichever occurs first.
YPB is yet to disclose how much it intends to raise or what it will use the funds for once received.
On October 12, the anti-counterfeit and consumer solutions provider launched MultiSec Shield for the supply of government documents globally.
MultiSec Shield is an over-laminate product that protects high-value documents and physical media from counterfeit.
It can detect fake documents in various applications to detect the presence of an invisible tracer material.
It can be used across birth certificates, driver’s licences, ID cards and vaccination records.
YPB last tapped investors for cash in March 2021 when it undertook a $750,000 placement.
The money was raised through the issue of 250 million fully paid ordinary shares to institutional, professional and sophisticated investors at 0.3 cents.
YPB used the funds to develop its Motif Mictor technology, its multi-patented, high security, smartphone-readable, anti-counterfeit technology.
Shares in YPB last traded at 0.4 cents on October 13. The company has a $19.96 million market cap.