Revasum (ASX:RVS) extends ASX suspension amid acquisition progress

Semiconductor technology and equipment provider Revasum has extended its voluntary ASX suspension by up to two weeks as it progresses in its strategic process for potential acquisitions.

The company received acquisition interest and is granting additional time for due diligence.

 The company will optimise costs, implement employee furloughs, and negotiate financing and forbearance terms with creditors to enhance financial viability.

Revasum confirms that the ASX trading suspension will persist until further funding and strategic updates are provided.