Fair enough.
The Company is pleased to announce that it has received strong support from its shareholders under the SPP Offer. As at 17 July 2020, the Company had received approximately $2,737,600 in valid applications under the SPP Offer. Accordingly, the Company proposes to extend the maximum amount to be raised under the SPP Offer from $500,000 to $2,527,561.68. The Company reserves its discretion to undertake a scale-back to the extent and in the manner it sees fit, such as where total applications exceed $2,527,561.68.
The Board considers that the increase of the size of the SPP Offer to $2,527,561.68 to be a more equitable approach to Shareholders as opposed to scaling back applications to $500,000.
Better result than last SPP.
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- Ann: Weebit Nano upsizes oversubscribed Share Purchase Plan
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