18.9 C
London
Sunday, May 26, 2024
HomeFinTechRemSense Technologies: Sets sights on $2.7m capital raise for virtualplant expansion

RemSense Technologies: Sets sights on $2.7m capital raise for virtualplant expansion

Date:

RemSense Technologies Sets sights on $2.7m capital raise for virtualplant expansion

  • RemSense Technologies (REM) sets its sights on a $2.7 million capital raise to fast-track expansion
  • The company has completed a $475,000 placement to sophisticated and professional investor clients of Peak Asset Management, issuing more than 6.3 million shares at 7.5 cents
  • One option will be issued for each share allotted, exercisable at 15 cents by December 15, 2025
  • Following this, the company plans to extend a one-for-3 entitlement offer to existing shareholders under the same terms in the hopes of raising a further $2.28 million to expand the sales of its photographic asset visualisation tool
  • RemSenseTechnologies shares closed 34.62 per cent lower at 8.5 cents at 4.44 pm AEDT on Wednesday afternoon

Related stories

FE fundinfo snaps up wealth management fintech Dericon

Acquisition Details:Acquirer: FE fundinfo, a UK-based financial...

LGT in Liechtenstein taps Finastra for instant payments

Partnership Announcement:Entities Involved: LGT (private banking and...

Spanish paytech PayRetailers acquires Transfeera to drive Brazilian expansion

Overview:Acquirer: Spanish paytech PayRetailers. Target: Transfeera, a Brazilian...

Santander and Iberpay in Spain join EPC’s OCT Inst scheme as inaugural participants

Overview:Participants: Spanish banking giant Santander and payment services...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img