QuickFee Raises $358k in SPP
- QuickFee (QFE) raises $358,000 from its share purchase plan (SPP) to help fund the implementation of its strategies to achieve profitability
- A total of 5.1 million new shares will be issued at a price of 7 cents each, representing a 5 per cent discount to the five-day volume-weighted average price to June 15
- Combined with the proceeds from a placement completed last month, the company raised a total of $4.36 million
- The company will use these funds to target profitability by June 2023, leveraging its proprietary technology stack
- Shares in the company were steady at 7.2 cents each as of 2:58 pm AEST
