Monday, January 24, 2022

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Sezzle: Raises $7.2M via SPP after scaling back applications

  • Sezzle (SZL) has raised $7.2 million via a securities purchase plan (SPP) which was heavily oversubscribed
  • The fintech company closed the SPP with almost $78 million in applications from over 4000 eligible shareholders
  • It’ll scale back those applications on a pro-rata basis, with funds to be returned later this month
  • The company also recently closed a placement, walking away with over $79 million in additional equity
  • Sezzle’s CEO said the company is now well funded for future growth
  • Shares in the company are trading for $7.50, up 4.9 per cent
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