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- Whispir (WSP) has entered a trading halt at the end of Monday’s trading session as it gets ready to raise more capital
- The software company’s securities will remain halted from trading until March 3, unless it announces the details of the raise early
- News of the fundraising comes after Whispir recently announced it had renewed its business partner agreement with Telstra (TLS)
- The agreement allows WSP’s platform and services to be sold to Telstra’s customers and also used by the telco giant’s staff
- Before the trading halt came into effect, shares in Whispir were trading at $3.89 per share
Whispir (WSP) has entered a trading halt at the end of Monday’s trading session as it gets ready to raise more capital.
The software-as-a-service company’s securities will remain halted from trade until Wednesday, March 3.
Investors and shareholders will have to wait until then to find out how much the tech stock is planning to raise, unless it announces the details earlier.
Meanwhile, news of the fundraising comes after Whispir recently announced it had renewed its business partner agreement with Telstra (TLS).
The agreement will continue on for another three years – under the same terms and conditions — essentially allowing WSP’s platform and services to be sold to Telstra’s customers.
Additionally, the agreement also allows for Whispir’s software to be used by the telco giant’s own staff.
Before today’s trading halt came into effect, shares in Whispir were trading at $3.89 per share.
