Close the Loop (ASX:CLG) has requested ASX to place a trading halt on its securities pending the release of an announcement.
The sustainability upcycling company halt will remain in place until the earlier of the commencement of normal trading on Friday, March 17 or when the announcement is released to the market.
The announcement will be regarding an acquisition and $40M capital raise by way of placement of ordinary shares to sophisticated and professional investors.
The trading halt will cease upon the announcement of the acquisition and capital raise to the market.