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- Auctus Investment Group (AVC) begins the week in a trading halt while it inks out the details of an upcoming capital raising
- The company will remain in the halt until June 23 or when more details regarding the raise are released, whichever occurs first
- In the March quarter, Auctus went cash flow positive by just over $1.54 million, primarily thanks to receiving nearly $3.37 million in receipts from customers
- As of March 31, the company had almost $5 million in total available funding, representing ample quarters of use
- Shares in Auctus last traded at $1.08 on June 11
Auctus Investment Group (AVC) has begun the week in a trading halt while it inks out the details of an upcoming capital raising.
The company will remain in the halt until June 23 or when more details regarding the raise are released, whichever occurs first.
Auctus is yet to disclose how much it intends to raise or what it will use the funds for once received.
In the March quarter, Auctus went cash flow positive by just over $1.54 million, primarily thanks to receiving nearly $3.37 million in receipts from customers.
This was offset by the company burning through $829,000 in staff costs and $560,000 in product manufacturing and operating costs.
Auctus also used $675,000 in investing activities, settling the first phase of its investment into both Impact Investment Partners and Odyssey Group.
As of March 31, Auctus had nearly $5 million in total available funding, representing ample quarters of use.
Shares in Auctus last traded at $1.08 on June 11. The company has a $66.34 million market cap.
