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Redivium’s ASX Suspension Deepens Amid Failed Capital Raise and Board Exodus
3:34pm on Monday 3rd of February, 2025 AEDT
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Financial Services
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Redivium’s ASX Suspension Deepens Amid Failed Capital Raise and Board Exodus
3:34pm on Monday 3rd of February, 2025 AEDT
Key Points
Redivium’s securities suspended since November 2024, continuation confirmed by ASX
Failed non-renounceable entitlement offer fell short of minimum subscription
Quarterly cash flow report reveals less than two quarters of funding available
Two non-executive directors resigned, triggering governance compliance issues
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