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Visioneering Technologies Inc (ASX:VTI)

ALERT: Price-sensitive ASX Announcement for VTI
Current share price for VTI : $0.066 -0.069 (-51.11%)+
Announcement
Release
10 Dec 2024 8:44AM
Price at Release
$0.135
Full Release
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Summary
Visioneering Technologies, Inc. (ASX:VTI) has announced its intention to voluntarily delist from the Australian Securities Exchange (ASX) following in-principle approval from ASX. The Board believes that delisting is in the best interest of the company and its securityholders due to the low trading price and liquidity of its quoted securities, which have resulted in undervaluation and challenges in raising capital. A special meeting for securityholder approval is scheduled for January 10, 2025, with the anticipated delisting date set for February 10, 2025.
Key Points
  • Visioneering Technologies is seeking voluntary delisting from the ASX.
  • The company received in-principle approval from ASX for the delisting.
  • A special meeting for securityholder approval will be held on January 10, 2025.
  • The anticipated date for removal from the ASX is February 10, 2025.
  • The Board believes delisting is in the best interests of the company due to low trading price and liquidity.
  • Delisting may facilitate better capital raising opportunities in the future.
  • Ongoing administrative costs of ASX listing are burdensome for the company.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.