Source: Kyckr/LinkedIn
Market Herald logo

Find out more about this capital raise

Be the first with the news that moves the market
  • Data logistics company Kyckr (KYK) has commenced the week in a trading halt as it plans for an upcoming capital raise
  • Currently it is unknown how much the company is aiming to raise or where the funds will be spent
  • The trading halt means company shares will be paused until Wednesday, August 25, or when more information about the raise is released to the market
  • On the market, Kyckr last traded at 4.4 cents per share

Kyckr (KYK) has entered a trading halt as it plans for an upcoming capital raise.

So far, it is not known how much the company is aiming to raise or where the funds will be spent.

The trading halt means company shares will be paused until Wednesday, August 25, or when more information about the raise is released to the market.

Kyckr is a data logistics company that provides Know Your Bank (KYB) and Know Your Customer (KYC) (for businesses) services using legally compliant information. 

Last week, the company made changes to its board and directors.

Chairman Benny Higgins and Non-Executive Director Jacqueline Kilgour will retire from the Kyckr Board.

The pair have retired due to the increasing levels of responsibilities in the UK in their other roles.

CEO Ian Henderson thanked them for their commitment and guidance to the company.

“Benny and Jacqueline have provided both myself and the business significant direction and support over the past two and a half years as we have repositioned the Kyckr business,” he said last week.

Additionally, Kyckr appointed George Venardos to the board as Non-Executive Director. Mr Venardos held a 10-year role as Chief Financial Officer at Insurance Australia Group, the largest general insurance company in Australia and New Zealand.

On the market, Kyckr last traded at 4.4 cents per share.

KYK by the numbers
More From The Market Herald

" Carnaby Resources (ASX:CNB) ends week in a trading halt

Carnaby Resources (ASX:CNB) enters a trading halt as it plans an upcoming capital raise.

" Askari Metals (ASX:AS2) plans to raise capital for lithium purchase

Askari Metals (AS2) has entered a trading halt as it plans an upcoming capital raise.
Telix Pharmaceuticals (ASX:TLX) - CEO, Christian Behrenbruch

" Telix Pharmaceuticals (ASX:TLX) planning capital raise

Telix Pharmaceuticals (ASX:TLX) enters a trading halt while it plans an upcoming capital raise.
Alice Queen (ASX:AQX) - Managing Director, Andrew Buxton

" Alice Queen (ASX:AQX) halts trade ahead of fresh capital

Mineral exploration company Alice Queen (ASX:AQX) has entered a trading halt ahead of a proposed capital…