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Company News Summary

Money3 Corporation Receives Commitments for $45m and Launches $5m Share Purchase Plan

07 Dec 2020  |  09:49:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: $45m Capital Raise and $5m SPP

Money3 Corporation announced that it has received commitments for $45m through the placement (Placement) of 16.66m new ordinary shares at $2.70 per share. The Company will utilise its placement capacity under ASX Listing Rule 7.1. The Company will also undertake a non-underwritten Share Purchase Plan (SPP) targeting to raise up to $5m. Under the SPP, the Company will offer each eligible Shareholder the opportunity to apply for up to 11,100 new ordinary shares at the Placement issue price of $2.70 each, being the same price as the issue of shares under the Placement and representing a 8.8% discount to the closing price of the Company's securities on 2 December 2020.

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