logo-loader
viewShareRoot Ltd

ShareRoot granted trading halt by ASX pending shortfall announcement

The halt will remain in place until Monday, July 22, or when an announcement is made.

ASX sign on building
The company has raised more than $509,600 in an entitlement offer

ShareRoot Ltd (ASX:SRO) is in a trading halt with an announcement pending regarding shortfall shares in a placement.

The halt will remain in place until that start of normal trading on the ASX on Monday, July 22, or when an announcement is released to the market, whichever occurs earliest.

ShareRoot securities last traded at 0.2 cents.

READ: ShareRoot raises more than $509,600 to advance digital healthcare strategy

The company this week raised more than $509,600 from eligible shareholders in a non-renounceable pro-rata entitlement offer.

At the time the company said that it was in discussions with a number of parties and brokers in relation to shortfall shares.

Funds from the entitlement offer will provide capital for the company to drive towards near-term profitability.

READ: ShareRoot transforming into multi-platform digital healthcare company

ShareRoot recently completed a restructure and has a clear path forward to a successful business in the digital healthcare industry.

The company is looking to leverage momentum in compliantly accessing real world data and real-world evidence in healthcare, by using artificial intelligence, machine learning and a proprietary analysis process to gain deeper insights.

This will enable the delivery of better healthcare and more patient-centric development of new medicines, medical devices and clinical practice.

Quick facts: ShareRoot Ltd

Price: 0.001 AUD

ASX:SRO
Market: ASX
Market Cap: $2.96 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of ShareRoot Ltd named herein, including the promotion by the Company of ShareRoot Ltd in any Content on the Site, the Company receives from said...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Ludomade has already closed its first major deal under the ShareRoot umbrella

ShareRoot (ASX:SRO) CEO Noah Abelson-Gertler speaks to Proactive Investors about the addition of a fourth revenue stream through the acquisition of Ludomade Inc, the new brands that have signed on to the beta testing program for the MediaConsent platform that is now past the halfway point,...

on 30/11/18

2 min read