Orcoda Limited Initiates Trading Halt for Capital Raise Announcement
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Orcoda Limited has requested a trading halt on its securities to announce a proposed capital raise through a placement to sophisticated investors. This halt is to manage continuous disclosure obligations and will last until the announcement or normal trading resumes on April 16, 2025. The move aims to strengthen Orcoda's financial position in the logistics and transport services industry, where it focuses on optimizing resources for efficient operations. Current market cap is A$13.6M, with a year-to-date price performance of -34.17%.
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