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KneoMedia: Raises $2m for new sales contracts | Fintech InShorts: Latest fintech news, analysis by experts

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KneoMedia: Raises $2m for new sales contracts

By Steve Sam

February 24, 2022

KneoMedia Raises $2m for new sales contracts

Online education publisher KneoMedia (KNM) successfully raises just over $2 million via a share placement
The funds were raised through the issue of around 166 million fully-paid ordinary shares to participants at 1.25 cents
Subject to shareholder approval, the participants will receive one free attaching option for every two placement shares, exercisable at 2.5 cents with expiry on December 31, 2023
The platform will use the money to underpin the anticipated deployment of new sales contracts in the United States, primarily in New York
Kneo Media ends the day 3.57 per cent in the red with shares trading at 1.4 cents

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