Shares of Advanced Health Intelligence Flat After Flagging Ongoing Need for ASX Reinstatement Funding
MT Newswires Live
Jul 15
Advanced Health Intelligence (ASX:AHI) was flat in Tuesday trade after it said in a late Monday filing that it is continuing efforts to secure funding needed to meet conditions for the reinstatement of its securities on the Australian Securities Exchange (ASX).
Details of the proposed funding are yet to be finalised, and the company cautioned that there is no certainty the arrangements will satisfy ASX listing rules, the filing said.
The company also said it intends to meet NASDAQ listing rules by demonstrating sufficient shareholder equity, the filing added.
If not reinstated on the ASX, the company will operate unlisted, seek funding, and explore alternative listing venues.
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