Proposed Stayco Acquisition and Capital Raising | Finexia Financial Group

Proposed Stayco Acquisition and Capital Raising | Finexia Financial Group

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Posted on: 12 October 2022
PROPOSED STAYCO ACQUISITION AND CAPITAL RAISING
Finexia Financial Group Limited (ASX: FNX) (Company) advises that it intends to reconstruct its issued equity capital through the consolidation of the current shares on issue on a 1:5 basis. In conjunction with this reconstruction of capital, the Company wishes to advise that it will undertake a placement of up to 23,037,980 fully paid ordinary shares (on a pre-consolidated basis) to sophisticated and professional investors to raise up to A$1,151,899 (Placement) as well as undertake a pro rata non-renounceable rights issue to existing shareholders to raise A$4,863,213 (Rights Issue).

Furthermore, the Company intends to raise a further A$10m through the issuance of a redeemable convertible notes to sophisticated and wholesale investors (Convertible Notes Issue). Hereafter, the Placement, the Rights Issue and the Convertible Notes Issue are together referred to as Capital Raising...

To read the rest of the Proposed Stayco Acquisition and Capital Raising Report click here

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