- One Click Group (ASX:1CG) is undertaking a pro-rata non-renounceable entitlement offer to raise $1.7 million at 1.5 cents apiece
- 1CG will issue one fully paid ordinary share in the company’s capital for every six shares held by eligible shareholders on October 19
- Participants in the offer will also receive one free attaching option for every two shares subscribed to and issued, exercisable at 3 cents
- Funds will go toward product development, marketing, working capital, administration, and other relevant expenses for the company
- Shares last traded at 1.5 cents
One Click Group (ASX:1CG) has announced that it is undertaking a pro-rata non-renounceable entitlement offer to raise approximately $1.7 million at 1.5 cents each.
1CG will issue one fully paid ordinary share in the company’s capital for every six shares held by eligible shareholders on October 19, 2023. Participants in the offer will also receive one free attaching option for every two shares subscribed to and issued, exercisable at 3 cents.
The funds raised will be crucial for product development, marketing, working capital, administration, and other relevant expenses for the company.
This offer follows recent news that One Click Group experienced “outstanding” business growth in 2023, with revenue reaching $3.5 million year-to-date in 2023, up 120 per cent from the $1.6 million reported in CY2022 on its rapidly expanding fintech platforms.
Moreover, the company has also seen significant user growth on its platforms, surpassing 115,000 users, each paying an increased average of $32, up from the average revenue per user of $25 in CY2022.
1CG shares last traded at 1.5 cents.