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- Aurora Labs (A3D) has locked up its shares in a trading halt as it gears up to tap investors for fresh capital
- The trading halt is expected to last until September 15, or until an announcement is made setting out the details of the capital raise
- Aurora recently celebrated the granting of a patent in China for a key part of its Multi-Layer Concurrent Printing (MCP) technology
- The company is pursuing patents for the same technology in a number of other regions across the world, including Australia and the U.S.
- Meantime, the company also recently appointed a new CEO — Peter Snowsill
- Shares in Aurora Labs last traded for 12.5 cents each
Metal 3D printing company Aurora Labs (A3D) has locked up its shares in a trading halt as it gears up to tap investors for fresh capital.
The trading halt is expected to last until Tuesday, September 15, or until an announcement is made setting out the details of the capital raise.
More recently, Aurora has been celebrating the granting of a patent in China for a key part of its Multi-Layer Concurrent Printing (MCP) technology.
The company said this patent in China was a positive step towards protecting its novel technology.
It’s also applied for the same technology to be patented in a number of other regions across the world, including Australia and the U.S.
Another big announcement from Aurora was the appointment of Peter Snowsill as CEO, after he previously filled in as interim CEO since March.
Peter had previously worked as the Chief Operating Officer for the company and officially took on the lead role in August.
Shares in Aurora last traded trading for 12.5 cents each, on Tuesday, September 8.
