IHL 0.00% 4.1¢ incannex healthcare limited

General discussion, page-11199

  1. 1,958 Posts.
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    Remember AHI listed its ADS on the NASDAQ back in November.

    AHI opened with it's IPO on the NASDAQ on Friday the 19th of November. ( 01:30am Sat am our time )
    A check back on the ASX announcements shows a Trading Halt was called on ASX for Thursday the 18th (our time)

    https://hotcopper.com.au/data/attachments/3964/3964381-61a36faeb096ba2922ab004015302c6e.jpg

    So it was closed for trading Thursday the 18th and didn't re-open until Wednesday the 24th whilst it remained in voluntary suspension whilst it dealt with the issue of over-allotments.
    https://hotcopper.com.au/data/attachments/3964/3964404-0da2b4cd96e583b02db9b9fc21983eb5.jpg



    The IHL BOD may handle the ASX process differently, may be!
    Because in the NASDAQ update dated 17th December
    https://stocknessmonster.com/announcements/ihl.asx-3A584039/

    https://hotcopper.com.au/data/attachments/3964/3964395-cd603b398136dcfe19d0b881061a3bd9.jpg

    Clearly states that IHL will continue to trade throughout the Offering and upon completion of the offering, now whether that includes a trading halt or excludes a trading halt, I am not sure. Someone out there may have a better clue on this than myself.

    In the interim be prepared for a possible Trading Halt this week if they follow the same procedure as AHI, I am 50/50 on this, now that I have re-read the NASDAQ update announcement.

    GLAH

 
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