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Redivium’s ASX Suspension Deepens Amid Failed Capital Raise and Board Exodus
5:43pm on Sunday 1st of June, 2025 AEST
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Financial Services
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Redivium’s ASX Suspension Deepens Amid Failed Capital Raise and Board Exodus
5:43pm on Sunday 1st of June, 2025 AEST
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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Redivium (ASX:RIL)
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