Wisr: Completes $50M institutional placement

Wisr Completes $50M institutional placement

  • Australian neo-lender Wisr (WZR) has completed its $50 million institutional placement
  • The company released the capital raise details yesterday, claiming the new funds will support loan book growth, new market opportunities and the expansion of its technology
  • Around 200 million shares at 25 cents each were issued to institutional, sophisticated and professional investors
  • Additionally, the fintech company will launch a share purchase plan to raise another $5 million
  • Eligible shareholders may subscribe for up to $30,000 worth of new shares at the same issue price as the placement
  • Companies shares have dropped 16.4 per cent to trade at 26.8 cents

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