I shall simply cut and paste relevant info...The Cirralto Ltd(ASX: CRO) share price was frozen today while the company prepared to release news regarding its agreements with Mastercard(NYSE: MA) and Fresh Supply Co.
The Cirralto share price sat at 61 cents, the same level as at last Friday’s close and where it has been all week.
The company released an announcement to the ASX saying it would voluntarily suspend the trading of shares while it plans the announcement of its first trade customers under the agreements.
Cirralto is a transaction services business that supplies business-to-business payment solutions and digital trading software.
Let’s take a closer look at what has halted the Cirralto share price.
Cirralto’s trading halt
Cirralto has initiated a trading halt to ready itself for the release of what might be an exciting announcement.
However, Cirralto stated, with or without an announcement, its shares will resume trading on Friday.
The announcement is expected to relate to Cirralto’s first trade customers under its two new partnerships.
Ann: Voluntary suspension, page-186
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