Why the 92 Energy (ASX:92E) share price is frozen today

www.fool.com.au
2 min read
fairly easy
The 92 Energy Ltd (ASX: 92E) share price won't be going anywhere on Friday as the company prepares for a capital raising.
After listing in April, 92 Energy is looking to raise addition funds …

The 92 Energy Ltd (ASX: 92E) share price won't be going anywhere on Friday after the company requested a trading halt.

What's the trading halt for?

92 Energy shares will remain halted, pending the release of an announcement regarding a capital raising.

It will remain in a trading halt until Tuesday, 28 September or upon the release of the announcement.

The 92 Energy share price successfully made its ASX debut on 15 April after a strongly supported initial public offering at 20 cents a share.

The company has $5.8 million in cash and cash equivalents…
Kerry Sun
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