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Friday, March 29, 2024
HomeFinTechJayride Group: Completes $1.5M placement

Jayride Group: Completes $1.5M placement

Date:

  • 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

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