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8common: Raises $2.25M in extra capital

October 23, 2020

Fintech company 8common (8CO) has successfully completed its recent capital raise, walking away with $2.25 million in extra cash
Under the placement, new shares were worth 13 cents each with over 17.3 million shares on offer
The placement expected to settle on October 28, with new shares to begin trading on the ASX by October 30
8common will also use the extra $2.25 million to expand CardHero, the company’s integrated payment and expense management solution
Following the release of the raise details, 8common has come out of a trading halt
Shares in 8CO ended the day worth 14 cents each