Else requested the halt for regulatory reasons. It was issued by FINRA since Baby is an OTC. Halts are initiated when company developments are in the works, like corporate transactions as in the case here due to the round of equity financing through private placement. Pending news or major product information can also be a catalyst and depending if the news released effects the price of the stock for the good or bad that can affect the duration of the halt.
A company that is restructuring, going through bankruptcy or merging can have halts that last for days. GL
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