FinTechFunding

Delorean Corporation: Raises $1.63m to underpin further growth

Delorean Corporation Raises $1.63m to underpin further growth

  • Delorean Corporation (DEL) raises $1.63 million from its share purchase plan (SPP) to underpin future growth
  • A total of 9.57 million new shares will be issued at the same price as the placement of 17 cents
  • The SPP was originally designed to raise $2 million, but the company said it has no intention to place any further shares
  • The funds will be directed towards a number of activities, including cash back performance bonds for engineer procure and construct contracts
  • Shares are trading flat today 16.5 cents each
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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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