Sydney, 16 January 2020 - Wisr Limited (ASX: WZR) (ACN 004 661 205) (“Wisr”, or the “Company”) is pleased to announce it has received commitments to raise $33.5 million via a placement of
approximately 181 million ordinary shares (Placement). The Placement was extremely well supported and allocated to new and existing institutional and sophisticated investors. The Placement saw a number of high quality institutional investors join the Wisr register.
Wisr successfully completes placement raising $33.5 million
Proceeds will be used to accelerate the Company's growth trajectory, including ongoing
rollout of product ecosystem, and strengthening the balance sheet
Placement received exceptionally strong support from institutional and sophisticated investors
In addition, the Company intends to undertake a Share Purchase Plan for existing retail shareholders with a cap of $1.5 million.
For further information, please download the attached PDF.
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