MarketWatch covers our increased target size of share placing in their latest piece.
‘Augmentum Fintech PLC said Thursday that it has decided to significantly increase the target size of its share placing.
The fintech-focused venture capital investor said the target size of its initial issue will now be up to £55 million ($75.9 million), increased from £40 million.
In June, the U.K.-based company said the proceeds of the equity issue will be used toward an identified pipeline of investments and other opportunities.
The shares are being issued at 135.5 pence each, a 6.1% discount to its closing price of 144.25 pence on June 11, the day before the company said it was planning the fundraise.
Under the open offer, shareholders will be able to buy four of the discounted shares for every 19 existing shares held, it said.’
Read article here.