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- Tracing tech company Dotz Nano (DTZ) has entered into back to back trading halts ahead of a capital raise
- It is unknown how much the company intends to raise and what the money will be used for
- However, Dotz did mention there has been an increase in enquires for its authentication technology, Validotz
- Company shares will be paused until Wednesday, October 21, or when it releases more details about the raise
- Dotz last traded for 29 cents per share on October 14
Tracing tech company Dotz Nano (DTZ) has entered into back to back trading halts ahead of a capital raise.
The company has not yet announced how much it plans to raise and what the funds will be used for.
However, it did mention there has been an increase in inbound enquires from personal protective equipment (PPE) suppliers, mask makers for its authentication technology, Validotz.
Dotz shares will be paused until Wednesday, October 21, or when it releases more details about the raise.
Recently, the company signed a three-year purchase agreement with Breathe Medical Manufacturing. Under this agreement, Dotz will supply its technology to Breathe, who will use the solution in face masks it distributes.
In August, Dotz signed its third PPE agreement in three months, as it entered a three-year commercial agreement with TT Medica and earlier that month signed with V2Tech Distributors.
Dotz will be presenting at the Market Eye’s TechOpps virtual investment conference today. This conference showcases some of Australasia’s leading and emerging tech companies.
Company shares last traded for 29 cents per share on October 14.
