Nexbis (ASX:NBS) to announce capital raising initiative

Mobile security solution developer Nexbis (ASX:NBS) has requested a trading halt pending the announcement of a capital raising initiative.

The company’s shares have been suspended from trading, and will remain in pre-open until Friday – unless the announcement is made before then.

Nexbis last month revealed revealed it had swung to a $21 million 1H net loss – compared to an $8.1 million profit in 1H09 – due to impairment charges, forex losses and amortisation and depreciation.

NBS was suspended at $0.170.