Monday, November 4, 2024
11.9 C
New York

BidEnergy: Receives firm commitments for $15M placement

  • BidEnergy (BID) has received firm commitments to raise $15 million via a fully underwritten institutional placement
  • Roughly 14 million fully-paid ordinary shares will issued to institutional and sophisticated investors at $1.07
  • This price represents an 8.1 per cent discount to the 10-day volume-weighted average price
  • BID will acquire Optima for £5.4 million (around A$9.77 million) with £3.2 million (around A$5.79 million) to paid in cash upfront
  • BidEnergy will use the money to fund the acquisition of U.K.-based energy software company, Optima Energy Management
  • Shares in BidEnergy are up 5.17 per cent on the market and are trading at $1.22

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

AI co-pilot solution Reflexivity raises $30m Series B led by Greycroft and IBKR

Funding Round: Reflexivity raised $30 million in a...

Dutch paytech Online Payment Platform secures EMI licence in the UK

EMI License: Online Payment Platform (OPP) has received...

New digital wallet Kuady launches in several LatAm markets powered by Mambu

Launch: Open Payment Technologies has launched Kuady, a...

Citi pens multi-year cloud and AI tech modernisation deal with Google Cloud

Partnership Announcement: Citi has entered a multi-year partnership...

Triodos Bank’s UK CEO Bevis Watts to step down in 2025

Bevis Watts to Step Down: Bevis Watts, CEO...

American Express to acquire UBS’s 50% stake in Swisscard, becoming sole owner

Acquisition Details: American Express (Amex) will buy UBS’s...

Related Articles

Popular Categories

spot_imgspot_img