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- intelliHR (IHR) has locked its shares in a trading halt as it gets ready to execute a proposed capital raise
- The HR technology company’s shares will remain halted from trade until September 17, when the full capital raise is announced
- IHR recently announced it has had a $810,083 research and development tax incentive approved by AusIndustry for FY21
- The business ended FY21 with $4.1 million in the bank, having spent $3.09 million on operating activities
- Before today’s trading halt, shares intelliHR traded at 29 cents per share
intelliHR (IHR) has locked its shares in a trading halt as it gets ready to execute a proposed capital raise.
The HR technology company’s shares will remain halted from trade until Friday, September 17, when the full details of the capital raise are announced.
Wednesday’s proposed fundraise comes after IHR announced it had a $810,083 research and development tax incentive approved by AusIndustry for FY21.
The incentive is a 29 per cent increase on FY20’s and comes after increased
investment in its own advanced AI analytical capabilities.
IHR said it was also awaiting the issue of its Austrade Export Market Development Grant which could provide an additional $150,000.
The business ended FY21 with $4.1 million in the bank, having spent $3.09 million on operating activities.
intelliHR reported a net loss of $7.63 million at the end of June 30 and $3.92 million of contracted annual recurring revenue from 208 customers.
Before today’s trading halt came into effect, shares in intelliHR were trading at 29 cents per share on September 14.
