Integrated Payment Technologies: Raises $1.88M through entitlement offer
- Integrated Payment Technologies has closed its non-renounceable entitlement offer of fully paid ordinary shares after raising $1,883,192
- The company hoped to raise up to $2.32M, but still pleased with the entitlement offer’s 81 per cent acceptance rate
- Today, IPT confirmed just under 30,000 shares subscribed for by an entity tied to Paul Collins, a company director, as part of his underwriting obligations
- During the entitlement offer, InPayTech received applications for approximately 125 million ordinary shares
- Then the company intends to use the remaining shortfall shares to raise up to $433,1120
- Integrated Payment Technologies shares have risen 25 per cent today, trading for two cents per share
