Total
0
Shares
Venturex Resources (ASX:VXR) sells 80pc of Whim Creek
Market Herald logo

Find out more about this capital raise

Be the first with the news that moves the market
  • Family Zone (FZO) enters a trading halt pending an upcoming capital raising and material acquisition
  • The company will remain in the halt until the earlier of August 6 or when a further announcement is made
  • In the June quarter, Family Zone revealed it had burnt through $5.75 million with the majority going towards staff costs
  • The company ended the quarter with $35.59 million in total available funding, representing 6.38 quarters of use
  • Shares in Family Zone have been trading at 60 cents since July 30

Family Zone (FZO) has entered a trading halt pending an upcoming capital raising and material acquisition.

The company will remain in the halt until the earlier of August 6 or when a further announcement is made.

Family Zone is yet to disclose how much it intends to raise or who it will be acquiring.

In early July, Family Zone received a European patent for its device management system.

Family Zone's platform allows adults to manage screen time, track devices, limit social media and gaming, and shield children from potential online risks.

It also allows adults to tap into advice from child psychologists, educators and law enforcement professionals.

In the June quarter, Family Zone revealed it had burnt through $5.75 million with the majority going towards staff costs.

The company also invested $847,000 in property, plant and equipment.

Family Zone ended the quarter with $35.59 million in total available funding, representing 6.38 quarters of use if spending levels remain the same.

Shares in Family Zone have been trading at 60 cents since July 30. The company has a $261.8 million market cap.

FZO by the numbers
More From The Market Herald
Castle Minerals (ASX:CDT) - Non Executive Chairman, Michael Atkins - The Market Herald

" Castle Minerals (ASX:CDT) begins week in trading halt

Castle Minerals (CDT) has begun the week in a trading halt while it plans the details of an upcoming capital raising.
Nova Minerals (ASX:NVA) commissions sample prep lab at Estelle Gold Project

" Nova Minerals (ASX:NVA) enters trading halt ahead of share placement

Nova Minerals (NVA) has entered a trading halt while it plans a capital raise.
The Market Herald Video

" Widgie Nickel (ASX:WIN) drilling to start after IPO

Widgie Nickel (WIN) shares opened at 24 cents this morning, just days after the company debuted on the ASX to tap into demand
Tesserent (ASX:TNT) - Non Executive Chairman, Geoff Lord - The Market Herald

" Tesserent (ASX:TNT) ends week in trading halt

Tesserent (TNT) has ended the week in a trading halt in regard to an upcoming capital raising.