- Splitit (SPT) has closed its share purchase plan (SPP) heavily oversubscribed, with applications totalling almost $90 million
- The company had only been planning to raise $10M via the SPP, meaning it will have to scale back the applications
- Over 7M shares will issued under the SPP later this month, with shares to added to a quotation from September 25
- The CEO of Splitit said the company was overwhelmed and delighted with the interest shown by shareholders
- Additionally, Splitit also raised $90 million via a recent placement, to give the company $100 million in additional capital
- Shares in Splitit ended the day trading up 5.48 per cent, at $1.64
