Pursuant to ASX Listing Rule 17.1, BrainChip Holdings Ltd (BRN, ASX: BRN) requests the immediate implementation of a trading halt in its securities, being fully paid ordinary shares, to apply from the time of receipt of this request by ASX and until the earlier of the Company making an announcement relating to a capital raise, or the commencement of trading on Thursday, 25 July 2024.
the halt has expired - so strange
We need a fingers crossed emoji.The delay indicates its obviously NOT a run of the mill working capital raise. These are simple. BRN could have just made a 5 minute call and filled out a form to get working capital from LDA.
Has to be more to it. Likely positive i hope.
Wait and see.
They can be back trading anytime today or not!!I thought without an annoncement they had to open trade this morning.
'Duration of the trading halt – BRN expects the trading halt will be in place until the earlier of the time at which BRN makes an announcement in relation to a capital raise, or the commencement of trading on Thursday, 25 July 2024. '
We need a fingers crossed emoji.
We need a fingers crossed emoji.
Not quite..They can be back trading anytime today or not!!
An announcement has to be made today...(1) end of trading Halt (2) Extension of TH (3) Voluntary suspension
OK thanks DBNot quite..
"Note: ASX Operating Rule 16.4. 2 says that a trading halt can be applied for a period not exceeding the commencement of normal trading on the second trading day following the day on which it is requested"
We are currently in contravention of ASX rules, as far as I can tell.