The capital raising will involve a placement to institutional and sophisticated investors.
Shares in the company will remain halted until the earlier of either, the commencement of trading on Friday, 20 September 2019, or, the release of relevant information.
LiveTiles is a global software company headquartered in New York, with operations in 15 major global cities.
The company's software is for the commercial, government and education markets, and LiveTiles is an award-winning Microsoft Partner.
Software products include LiveTiles Intelligent Workplace, LiveTiles Design, LiveTiles Bots, LiveTiles Intelligence, LiveTiles for SAP Software, LiveTiles MX, LiveTiles Mosaic, Hyperfish and Wizdom.