iSignthis (ASX:ISX) commences legal proceedings against ASX

Company News

by Ortenzia Borre

iSignthis (ASX:ISX) has commenced legal proceedings against the Australian Securities Exchange in the Federal Court of Australia.

The tech giant is challenging the decisions made by the ASX to suspend, and not reinstate, the company’s shares for quotation on the exchange.

The company is seeking, among other things, orders which require the ASX to lift the suspension and reinstate their shares for quotation on the exchange as the company is concerned that investors are being denied the opportunity to trade their shares.

It’s been an ongoing battle for the company and ISX says it’s also concerned that the continuing suspension could harm the company’s standing with investors, customers and suppliers.

Shares in iSignthis (ASX:ISX) last traded at $1.07.