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Halo Technologies Holdings Ltd (ASX:HAL)

ALERT: Price-sensitive ASX Announcement for HAL
Current share price for HAL : $0.016 -0.011 (-40.74%)+
Announcement
Release
30 Apr 2025 6:10PM
Price at Release
$0.027
Full Release
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Summary
Halo Technologies Holdings Ltd (ASX: HAL) reported its quarterly cash flow for the period ending 31 March 2025, indicating a growing operating revenue of $4.27 million and a rise in brokerage and platform revenue to $3.4 million. The company is on track with its capital raise initiative of $6.75 million, having successfully raised $6 million, which will be utilized to support its UK subsidiary, HALO Invest. The report highlights the imminent launch of Managed Funds in Australia and strategic investments in offshore expansion. Additionally, HALO Invest has shown promising signs in the UK market, with plans to onboard clients in the upcoming months.
Key Points
  • Operating revenue reached $4.27 million for the quarter ending 31 March 2025.
  • Brokerage and platform revenue increased to $3.4 million.
  • HALO raised $6 million out of a planned $6.75 million capital raise.
  • The funds will support working capital and the establishment of Halo's UK subsidiary.
  • HALO Invest was launched in the UK in December 2023 and is expanding its service offerings.
  • There is significant interest in HALO's wealth management platform in the UK.
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.