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
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.

You May Also Like

Klarna Stock Tumbles After Disappointing Q4 Results

Klarna reports unexpected losses, impacting stock performance and investor sentiment.Highlights: Klarna's stock falls sharply after reporting unexpected Q4...

FBI Warns of Surge in ATM Jackpotting Attacks

Recent spike in ATM jackpotting poses risks to financial institutions and customers.Highlights: FBI reports increased ATM jackpotting incidents...

Nvidia Considers $30 Million Investment in OpenAI

Potential investment highlights Nvidia's strategic focus on AI innovation.Highlights: Nvidia is considering a $30 million investment in OpenAI.This...

Forbes Fintech 50 Sees 20 Newcomers Strengthening Financial Inclusion

New entrants highlight AI and innovative business models in fintech.Highlights: Forbes Fintech 50 adds 20 new companies to...