- Jayride Group (JAY) has completed a $1.5 million placement and has announced a $1 million share purchase plan (SPP)
- To raise the $1.5 million, 10 million fully-paid ordinary shares were issued to sophisticated investors at 15 cents
- Shares will settle on October 28 and begin trading on the ASX on October 29
- For the SPP, eligible shareholders will be able to purchase up to $30,000 worth of shares without incurring any costs
- The company will use the money from both the placement and SPP to execute its northern hemisphere growth strategy
- Jayride is steady on the market and shares have been trading for 16 cents each since October 16
