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- Technology company IXUP (IXU) enters into a trading halt ahead of an upcoming capital raise
- Currently, it is not known how much the company is aiming to raise or where the funds will be spent
- Company shares will be paused until Monday, November 29, or when further details about the raise is released to the market
- Earlier this month, the company signed a partner agreement with Beyonde Ventures to launch in New Zealand
- On the market, IXUP last traded at 15.5 cents per share
IXUP (IXU) has entered into a trading halt ahead of an upcoming capital raise.
So far, there are no details on how much the company is aiming to raise or where the funds will be spent.
Under the halt, company shares will be paused until Monday, November 29, or when further details about the raise are released to the market.
IXUP is an Australian based technology company that specialises in analytics over data that remains encrypted. IXUP’s privacy preserving analytics platform can help solve important research, business and policy problems.
Earlier this month, the company signed a partner agreement with Beyonde Ventures to launch in New Zealand.
The parties will develop the New Zealand market in partnership by offering a jointly developed ‘IXUP powered’ innovative loyalty and co-marketing platform.
This partnership is anticipated to be a key driver of IXUP’s commercialisation efforts in the short term.
On the market, IXUP last traded at 15.5 cents per share.
