FinTechFunding

Clime Capital: Completes $9.9M SPP

  • Investment company Clime Capital (CAM) has completed its share purchase plan (SPP) and raised $9.9 million
  • First announced in mid-February, eligible shareholders able to apply for up to $30,000 worth of new shares priced at 87 cents
  • Additionally, the SPP followed on from an institutional share placement which raised $3.1 million by way of institutional investors
  • Clime Capital will also use the funds from both the placement and share purchase plan to invest in ASX-listed securities and selective unlisted entities and funds
  • Shares expected to issued on March 17 and begin trading on the ASX on March 18
  • Clime Capital has ended the day 1.14 per cent in the green with shares trading at 89 cents
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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