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- Resume fact-checking company CV Check (CV1) has entered a trading halt ahead of an upcoming capital raise
- It is unknown how much the resume fact-checking company is aiming to raise, however, it did say the funds are earmarked for a strategic acquisition
- Under the halt, CV shares will be paused until Wednesday, February 10, or when more information about the purchase is released to the market
- On the market, CV Check last traded at 17.5 cents per share on February 5
CV Check (CV1) has entered a trading halt ahead of an upcoming capital raise.
Currently, it is unknown how much the resume fact-checking company is aiming to raise, however, it did say the funds are earmarked for a strategic acquisition.
Trading in CV shares will be paused until Wednesday, February 10, or when more information about the purchase is released to the market.
CV Check verifies online information so people can exchange verified and accurate personal and professional details. It sends a notification once the resume has been seen so results can be shared quickly and easily.
Over the second quarter of 2021, the company delivered $3.5 million in record revenue, which is 12 per cent higher than the previous corresponding period.
During the quarter, the company signed its first international wholesale customer, NetForce Global.
“CV1 revenues surged in Q2 to set all-time company records for a quarter, for a half-year and for the booked 12-month annual recurring revenue (ARR),” CEO Rod Sherwood said last month.
“All channels performed strongly: direct sales, revenues booked through integration partners and the nascent international white label channel where our first marquee client Netforce Global LLC already features among our group wide
top 30 customers for the quarter,” he added.
At the end of the quarter, the company had $5.2 million in the bank.
On the market, CV Check last traded at 17.5 cents per share on February 5.
