Brief: Cipherpoint Ltd Updates On Operational Review And Capital Raise

Excite Technology Services

01/07/2022 11:19

July 1 (Reuters) - Cipherpoint Ltd  CPT.AX :
    * UPDATE ON OPERATIONAL REVIEW AND CAPITAL RAISE-CPT.AX
    * SECURED COMMITMENTS FOR ADDITIONAL CAPITAL TO SUPPORT CORE
BUSINESSES
    * CO STARTED TO IMPLEMENT PLAN TO REDUCE COSTS TO SEEK TO
EXECUTE
ON A PLAN TO ACHIEVE A CASHFLOW BREAKEVEN POSITION
    * CO IDENTIFIED AND IS EXPLORING STRATEGIC OPTIONS FOR
BUSINESSES,
INCLUDING POTENTIAL ACQUISITION OPPORTUNITIES


Further company coverage:  CPT.AX 

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