Sunday, December 15, 2024

iCollege: Raises $5.5M for business growth

  • Vocational training provider iCollege (ICT) is planning to raise $5.5 million to accelerate growth in the domestic student market
  • The company will issue 55 million shares at 10 cents each to institutional, professional, and sophisticated investors
  • Originally, iCollege was going to issue 30 million shares but increased this after receiving very strong support
  • COVID-19 has renewed interest in upskilling and gaining new skills, which presents a significant opportunity for iCollege
  • iCollege will take advantage of this by providing training packages to individuals and businesses in need
  • Company shares are up 8.33 percent and are trading for 13 cents

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