Ann: Trading Halt, page-130

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Neo888

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04/08/20

08:08

Post #: 46279555
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Originally posted by Gutshotpro: ↑

Taken from the AFR article:

Instalment payments outfit Splitit Payments is ready to roll out the welcome mat to a mystery US fund that was an early Afterpay investor.Splitit boss Brad Paterson is getting ready to welcome a US fund onto the company's register.

Street Talk understands Splitit was gearing up to launch a $100 million capital raising on Tuesday morning, with funds told to expect a $90 million placement and $10 million share purchase plan.And snapping up a large portion of that placement was a United States-based money manager, according to investor sources, which had been secured as a large cornerstone investor.

While the fund's name was unknown on Monday night, it was said to have been an early backer of Aussie buy now, pay later tearaway Afterpay. Julian Robertson's Tiger - or one of his "Tiger cubs" - would fit the bill.Canaccord Genuity is expected to underwrite the deal. Terms are expected to be blasted across the market on Tuesday, while funds were also booked to meet Splitit management.It's a chunky raising for Splitit, which last launched a cash call in April – raising a comparatively paltry $16 million at 41¢ – and had a market capitalisation of $355 million on Monday.

Pricing on the deal was still moving around on Monday evening but the company's shares last traded at $1.36 – up more than 100 per cent year-to-date.

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Now this is a GOOD type of CR!

Very positive signs for the future!

IMO
GLTAH

SPT Price at posting: $1.37 Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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Ann: Trading Halt, page-130

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High-grade copper results provide some relief to 29Metals after earlier mine shutdown

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Biden's exit bakes in a Kamala Harris ballot while markets expect Trump to win. How could equities fare this week?

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