Mighty Kingdom Limited Seeks Extended Suspension to Pursue Critical Capital Raising Initiatives.

Mighty Kingdom Limited (ASX: MKL) has requested an extension of its voluntary suspension from trading, effective 12 November 2024. This extension follows the company’s earlier request on 8 November 2024. The Company reports that proposed transactions are unlikely to proceed in their current form, though it remains focused on completing capital-raising efforts essential to its financial viability.

As outlined in its 31 October 2024 Appendix 4C Cash Flow Report, the company’s available funding is limited, making these capital initiatives critical. Mighty Kingdom believes that resuming trading could negatively impact its capital-raising progress. The voluntary suspension is expected to continue until the earlier of an announcement on the capital-raising initiatives or the resumption of normal trading on 18 November 2024.

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