Axsesstoday Ltd (ASX:AXL) provides equipment funding solutions for small to medium sized enterprises (SMEs), with a main focus on the hospitality and transport segments.
Financial metrics for FY17 exceeded prospectus forecasts, with the accumulated credit provision sitting at $1.9 million.
The company is now heading to market with a capital raising, and the ASX has granted a trading halt to prepare.
The halt will remain in place until the opening of trade on Wednesday 18th October 2017, or earlier if an announcement is made to the market.