Highlights
• Kyckr successfully raises $5.3 million via a share placement from a small group of institutional and sophisticated investors
• The Placement was conducted at 14 cents per share, representing a 0.0% discount to the last closing share price
Kyckr Limited (ASX:KYK) (Kyckr or the Company), a regulatory technology (RegTech) company is pleased to announce that it has successfully completed a Placement to institution and sophisticated investors to raise A$5 million (after costs).
The proceeds from the Placement will be used towards additional resources (Business Development and Account Management), the continued investment of Kyckr’s products (including the development of Machine Learning and Artificial Intelligence applications) and general working capital purposes.
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