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Halo Technologies Holdings Ltd ( (AU:HAL) ) just unveiled an update.
Halo Technologies Holdings Ltd has announced its quarterly financial results, highlighting a strategic focus on expanding its managed funds offerings in Australia and progressing its UK operations. The company reported operating revenue of $3.54 million for the quarter, with a notable increase in subscription revenue driven by its new Premium News Service. The ongoing capital raise of $6.75 million, primarily through convertible notes, aims to support working capital and the establishment of its UK subsidiary, Halo Invest. The UK expansion is bolstered by regulatory progress with the FCA, positioning HALO to enhance its wealth management platform and client acquisition efforts.
More about Halo Technologies Holdings Ltd
Halo Technologies Holdings Ltd operates in the financial services industry, offering a platform that provides access to a wide range of global equities, ETFs, and managed funds. The company focuses on expanding its market presence both domestically in Australia and internationally, particularly in the UK, through strategic investments and product launches.
Average Trading Volume: 54,427
Technical Sentiment Signal: Sell
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