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  • Skyfii (SKF) has entered into a trading halt ahead of an upcoming capital raise
  • Currently, it is unknown how much the company is aiming to raise, but it did hint at an upcoming transaction
  • Company shares will be paused until after Easter on April 6, or when more information is released to the market, whichever comes first
  • On the market, Skyfii last traded for 20 cents per share on March 30

Skyfii (SKF) has entered into a trading halt ahead of an upcoming capital raise.

So far, there is no details on how much the company is aiming to raise, but Skyfii did mention a potential transaction.

Under the halt, company shares will be paused until after Easter on April 6, or when more information is released to the market, whichever one comes first.

Skyfii is an Australian software technology company providing analytics and data-driven marketing products.

Last month, the company released its first half results, noting a total operating revenue of $7.4 million — up 9 per cent on the same period last year.

Meanwhile, its operating earnings before interest, taxes, depreciation, and amortisation jumped 104 per cent to $1.6 million.

At the end of the December 31, Skyfii had $3.4 million cash at the bank.

"Skyfii is in a strong position to benefit from the growing demand for venue and customer behaviour analytics, as businesses around the world increase their focus on improving the safety of their venues while optimising business performance," the company said in February.

"The impact of COVID-19 has resulted in new growth opportunities for Skyfii with the company now focused on the conversion of its strong pipeline of client prospects," it added.

On the market, Skyfii last traded for 20 cents per share on March 30.

SKF by the numbers
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