- YPB Group (YPB) places its shares in a trading halt for the purpose of considering, planning and executing a capital raising
- The company will remain in the halt until Monday, June 27 or when an announcement with further details is released, whichever occurs first
- On June 6, YPB announced it had signed its fourth MotifMicro1 paid commercial trial with Manipal Technologies in India — marking the first trial in the country
- Under the trial, YPB will run print trials using MM1 for a variety of applications with ultra-high-volume clients for 90 days
- Shares in YPB last traded at two cents on June 22
YPB Group (YPB) has placed its shares in a trading halt for the purpose of considering, planning and executing a capital raising.
The company will remain in the halt until Monday, June 27 or when an announcement with further details is released, 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 June 6, YPB announced it had signed its fourth MotifMicro1 (MM1) paid commercial trial with Manipal Technologies in India.
Under the trial, YPB will run print trials using MM1 for a variety of applications with ultra-high-volume clients for 90 days. This marks the first MM1 trial in India.
MotifMicro1 is YPB’s multi-patented, high-security, smartphone-readable, anti-counterfeit technology which is invisible to the naked eye.
It can read authentication marks on both flat and curved surfaces, making it accessible to a wide range of products.
Shares in YPB last traded at two cents on June 22. The company has a $4.92 million market cap.