Proactive Investors - Run By Investors For Investors

Animoca Brands enters trading halt ahead of potential capital raising

Animoca is also planning to reveal the details of a proposed strategic partnership to be entered into by the company.
ASX boards
Shares in the company last traded at 9.5 cents before being halted

Animoca Brands Corporation Ltd (ASX:AB1) has been granted a trading halt by the ASX pending the release of details regarding a potential capital raising and a proposed strategic partnership to be entered into by the company.

Shares in the company will remain halted until the earlier of, either, the release of relevant information, or the commencement of trading on Tuesday, December 11, 2018.

READ: Animoca Brands partners with Tokyo-listed SoftBank Group company

The company recently entered into a strategic partnership with artificial intelligence incubator DEEPCORE, owned by global technology player SoftBank Group Corp. (TYO:9984).

Animoca entered the partnership via its wholly owned subsidiary Zeroth, which it recently acquired boosting its exposure to industry-leading AI (artificial intelligence) and blockchain startups.

Zeroth is one of the world’s first AI accelerators focused on frontier technologies like AI and machine learning.

View full AB1 profile View Profile

Animoca Brands Corporation Ltd Timeline

Related Articles

plasma torch
May 03 2019
PyroGenesis harnesses the unique properties of thermal plasma to melt and transform metal, carry out high temperature chemical reactions and convert waste into energy
Two puzzle pieces lined up but separate
May 01 2019
The company is executing changes to its main undertaking to become Dataglobal.
Tavistock
May 29 2019
"We aim to continue to improve the group's profitability and manage a regular and growing dividend stream for the benefit of our shareholders," said CEO Brian Raven

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use