Here’s why the Douugh (ASX:DOU) share price remains suspended

The Douugh Ltd (ASX: DOU) share price has been suspended for a couple of weeks and investors were finally told why today.

In a separate announcement, Douugh confirmed reports that it has signed an agreement to acquire investing app Goodments for $1.5 million in shares.

What did Douugh announce?

Douugh’s shares have been out of action since 21 December. This was initially due to a trading halt that was requested while it prepared an announcement relating to the Goodments acquisition.

However, on 23 December, an extension was requested while it prepared a response to a query from the ASX. Despite requesting further extensions, no details were provided on what the ASX was querying. Until now.

This afternoon Douugh revealed that the…