Ascension Capital Limited (NZX: ACE) has reported a loss of NZ$83,386 in their unaudited financial statements for the 6 months ending 30 September 2022.
The loss is largely attributed to directors' fees, NZX listing costs, legal and accounting costs.
The Board is continuing to seek a suitable business opportunity for investment or acquisition through a reverse takeover transaction, with updates to be provided to the market as they arise.
The Company aims to provide a proposal for consideration in the first half of 2023.
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