Hiremii, an Australia-based staffing platform for temporary and permanent hiring, announced that its securities will be placed in trading halt, pending a company announcement.

Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Thursday, 18 November 2021 or when the announcement is released to the market.

In a financial and operational update for the quarter ended 30 September 2021, the group reported total unaudited revenue for the quarter stood at AUD 1.3 million (USD 0.9 million). Revenue was lower than anticipated due to lockdowns across the eastern seaboard, impacting one of the company's client contracts.

Earlier this month, Hiremii announced that it had entered into a share purchase agreement to acquire 100% of the issued share capital of Inverse Group Pty Ltd. Inverse is a recruitment firm with a focus in the energy, resource and digital sectors across Australia, New Zealand and South-East Asia.