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ASX halts trading in securities of fintech firm Sezzle

Maria Nikolova

The securities will remain in trading halt until the earlier of the commencement of normal trading on Monday, 13 July 2020 or when an announcement by the company about material capital raising is released.

ASX said today that the securities of installment payment platform Sezzle Inc (ASX:SZL) will be placed in trading halt at the request of the company, pending it releasing an announcement.

Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Monday, 13 July 2020 or when the announcement is released to the market.

Sezzle had earlier requested a trading halt in its securities from the ASX effective immediately pending the release of an announcement with respect to a material capital raising by the company.

The trading halt is introduced just a day after Sezzle unveiled key changes to its leadership team. Effective immediately, Executive Director and Chief Revenue Officer, Paul Paradis, has been promoted to the newly created role of President at Sezzle. In this new role, his responsibilities will expand beyond merchant acquisition to include a broader set of growth initiatives and operational endeavors.

Longtime PayPal executive, Veronica Katz, has joined Sezzle as Chief Revenue Officer.

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