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

Australian dollars
February 04 2019
The recruitment, building and training services provider is working to a target to triple its business operations.
The "St. Noire" video game
March 24 2019
The company embraces digital interactive entertainment as well as augmented reality, virtual reality and artificial intelligence
ShareRoot imagery
November 12 2018
The consumer data security provider is aiming to grow revenue and reduce spending in the coming year.

© 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