Fatfish Group: Completes oversubscribed placement
- Tech investment company Fatfish Group (FFG) has successfully completed a $1.5 million placement, which was heavily oversubscribed
- The company received more than $7 million in bids and, as a result, the original $1 million target was increased to $1.5 million
- 100 million new fully-paid ordinary shares will now be issued to sophisticated investors at 1.5 cents each
- Further, participants will receive one free attaching option for every two new shares subscribed for, subject to shareholder approval
- Fatfish will use the funds to further develop its tech and expand into new areas
- Company shares are up a healthy 44.4 per cent and are trading for 2.6 cents each
