Adslot Ltd announces strategic trading halt

Adslot Ltd (AU:ADS) posted an update.

Adslot Ltd has requested an immediate halt to trading on the ASX for its securities to finalize details of an upcoming non-waivable rights offering, with the intention of lifting the halt by June 19 or as soon as announcement of the transaction. The company, which specializes in guaranteed display advertising automation and operates globally, is making strategic financial moves that could impact its growth trajectory and the broader online display advertising sector, valued at 80 billion dollars.

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