Ananda Kathiravelu, a director of corporate finance firm Armada Capital, will face trial after being charged with conspiracy to commit an offence of market manipulation.
Social media platform and app developer Thred has enjoyed a steady first day on the ASX, while two other Perth-based companies have made progress on their respective reverse takeovers.
Pacific Ore has become the latest backdoor listing hopeful to be held up by the corporate watchdog, though several other companies have moved forward with their reverse takeovers.
Small companies hoping to list on the stock market are facing tougher conditions, with more than a dozen announced deals in Western Australia hitting problems this year and the ASX foreshadowing tighter regulation of new deals.
Nedlands-based gold explorer Promesa has announced plans to shift its focus to technology by acquiring social media platform and app developer Thredit.
