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Nuix Limited (ASX:NXL)

ALERT: Price-sensitive ASX Announcement for NXL
Current share price for NXL : $1.265 -0.07 (-5.24%)+
Announcement
Release
23 Apr 2026 3:49PM
Price at Release
$1.335
Full Release
download
Summary
Nuix Limited, trading as NXL on the ASX, requested a trading halt starting on 23 April 2026 due to an impending announcement regarding a Federal Court judgment. This judgment concerns proceedings initiated by the Australian Securities and Investments Commission (ASIC) relating to alleged contraventions in market disclosure. The trading halt is intended to mitigate risks of trading based on asymmetric information prior to the judgment release, expected at 4:00pm AEST on the same day. The halt is set to last until the beginning of trading on 27 April 2026 or until the announcement is made. Nuix disputes the allegations presented by ASIC.
Key Points
  • Nuix Limited (ASX: NXL) requested a trading halt effective from 23 April 2026.
  • The halt is pending the release of an announcement by Nuix Limited.
  • The Federal Court of Australia is scheduled to deliver a judgment in proceedings involving Nuix at 4:00pm AEST on 23 April 2026.
  • The trading halt aims to prevent trading with asymmetric information prior to the judgment release.
  • The trading halt will remain until the commencement of normal trading on Monday, 27 April 2026, or until an announcement is released.
  • ASIC filed proceedings against Nuix and its directors in September 2022 concerning alleged market disclosure contraventions.
  • ASIC alleges deficiencies in Nuix's disclosure of its Annualised Contract Value and statutory revenue against forecasts.
  • Nuix denies ASIC’s allegations and the allegations against the director defendants.
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.