Tuesday, February 7, 2023

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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

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