Total
0
Shares
Source: iCandy/LinkedIn
Market Herald logo

Find out more about this capital raise

Be the first with the news that moves the market
  • iCandy Interactive (ICI) enters trading halt as plans an upcoming capital raise
  • Currently, it is unknown how much the company is aiming to raise but says it is for a capital raise
  • Company shares will be paused until Monday, November 22, or when more information is released to the market
  • On the market, iCandy last traded at 13.5 cents per share

iCandy Interactive (ICI) has entered into a trading halt as it plans an upcoming capital raise.

There are no details on how much the company is raising however iCandy has given a hint it involves a “major acquisition”.

Under the halt, company shares will be paused until Monday, November 22, or when more information is released to the market.

iCandy is an Australia-based company that develops and publishes mobile games and digital entertainment for a global audience.

Last month, the company released its third-quarter report, in a quarter that was focused on business growth and opportunities.

For the quarter, the company has a positive cash flow from operations at 242,000, which is higher than a deficit of $331,000 in the previous quarter.

With a strong cash balance, iCandy is well placed to continue with its development pipeline whilst at the same time looking for value-adding acquisitions or partnership.

On the market, iCandy last traded at 13.5 cents per share.

ICI by the numbers
More From The Market Herald
ADX Energy (ASX:ADX) - Executive Chairman, Ian Tchacos

" ADX Energy (ASX:ADX) starts week in trading halt ahead of fundraise

ADX Energy (ADX) has started the week off in a trading halt, as it gears up to raise additional cash via a capital

" Cobram Estate Olives (ASX:CBO) to raise $50m for growth

Cobram Estate Olives (CBO) has announced a $50 million capital raise to support growth strategies in Australia and the United States.

" Equus Mining (ASX:EQE) enters trading halt following project acquisition

Equus Mining (EQE) has entered a trading halt regarding an upcoming capital raise.
icetana (ASX:ICE) - CEO & Managing Director, Matthew Macfarlane

" icetana (ASX:ICE) begins week in trading halt

Software company icetana (ICE) has begun the week in a trading halt while it plans the details of an upcoming capital raising.