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- HSC Technology (HSC) has ended the week in a trading halt regarding a proposed capital raising
- The company will remain in the halt until December 21 or when an announcement is made, whichever occurs first
- Earlier in the month, HSC’s New Zealand partner, Securely, placed a $290,000 order for a range of medical and safety alarm solutions
- These technologies allow seniors and those living with disabilities to live independently in their own homes
- HSC last tapped investors for cash in October 2019 when it received firm commitments to raise more than $1.02 million via a placement and conversion of a loan facility
- The company used the money to expand in new and existing verticals, invest in sales and marketing, and develop its technology and business
- Shares in HSC last traded at 1.8 cents on December 16
HSC Technology (HSC) has ended the week in a trading halt regarding a proposed capital raising.
The company will remain in the halt until December 21 or when an announcement is made, whichever occurs first.
Earlier in the month, HSC’s New Zealand partner, Securely, placed a $290,000 internet of things (IoT) order for a range of medical and safety alarm solutions.
This order includes personal emergency response system control panels, care detectors, and wireless smoke alarms.
These technologies allow seniors and those living with disabilities to live independently in their own homes.
HSC last tapped investors for cash in October 2019 when it received firm commitments to raise more than $1.02 million via a placement and the conversion of a loan facility.
The company also undertook a fully underwritten non-renounceable entitlement offer to raise up to $3 million.
HSC used the money to expand in new and existing verticals, invest in sales and marketing, and develop its technology and business.
Shares in HSC last traded at 1.8 cents on December 16.
