Tetratherix (ASX:TTX) is reportedly looking to raise around AU$15 million from an equity raising at AU$6 per share, and it has brought in Barrenjoey Capital Partners and Morgans, the Australian Financial Review (AFR) reported on Tuesday.
The offering is said to be cornerstoned by a global healthcare investor, the report said.
The firm requested a halt in trading of its shares from the open of trading on Tuesday in connection with a proposed material capital raising, according to a same-day Australian bourse filing.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)