Removal from Official List of the ASX

Interesting founder led tech company with high insider ownership as well as backers such as Shark Tanks Stephen Baxter which is unfortunately delisting due to:

Low price of shares

Low liquidity

High ongoing costs (of ASX listing)

Inability to raise capital at prices reflective of underlying asset value

Concentrated shareholdings

https://asx.api.markitdigital.com/asx-research/1.0/file/2924-02240969-2A1228730?access_token=83ff96335c2d45a094df02a206a39ff4