FinTechFunding

X2M Connect: Completes $3.97m entitlement offer

X2M Connect Completes $3.97m entitlement offer

  • X2M Connect (X2M) completes its $3.97 million entitlement offer
  • The institutional component raised $2.26 million with a number of shareholders taking up their full entitlement
  • The retail offer raised $1.33 million and the company also received oversubscribed firm commitments of $380,000 from existing and new shareholders
  • All new shares and options issued under the offer were issued on August 19, and are expected to commence trading next week
  • Shares in X2M are down 10.5 per cent, trading at 8.5 cents as of 1:08 pm AEST
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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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