FinTechFunding

X2M Connect: Completes $3.97m entitlement offer

X2M Connect Completes $3.97m entitlement offer

  • X2M Connect (X2M) completes its $3.97 million entitlement offer
  • The institutional component raised $2.26 million with a number of shareholders taking up their full entitlement
  • The retail offer raised $1.33 million and the company also received oversubscribed firm commitments of $380,000 from existing and new shareholders
  • All new shares and options issued under the offer were issued on August 19, and are expected to commence trading next week
  • Shares in X2M are down 10.5 per cent, trading at 8.5 cents as of 1:08 pm AEST
Previous article
Dateline Resources: Eyes $6.25m for Colosseum
Next article
Antisense Therapeutics: Shares rise on long COVID-19 study
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

Visa and Ramp Boost Bill Pay Automation with Agentic AI

New integration aims to streamline corporate expense management processes.Highlights: Visa and Ramp announce partnership to automate corporate bill...
FinTech

TikTok Seeks Financial Services Licenses in Brazil, Expanding Digital Reach

The platform aims to tap into Brazil's growing fintech market.Highlights: TikTok is applying for financial services licenses in...
FinTech

CaixaBank Strengthens Crypto Investment Services for Clients

The bank expands its offerings to include digital asset investments.Highlights: CaixaBank introduces cryptocurrency investment services to its clients.Clients...
FinTech

Monzo Shuts Down US Business to Focus on European Expansion

The UK-based fintech firm redirects efforts towards Europe amid challenges.Highlights: Monzo announces the closure of its US business.The...