Sezzle (ASX:SZL) opens $7.2M SPP

Company News

by Katrina Bullock

Buy now, pay later company, Sezzle (ASX:SZL) has opened its $7.2 million security purchase plan.

Under the plan, eligible shareholders can subscribe for up to $30,000 worth of new shares, free of any brokerage, commissions or transaction costs.

The issue price will be $5.30 – which represents a 23.7 per cent discount to the last traded price.

This follows the company’s recent completion of an $79.1 million institutional placement.
Shares in Sezzle (ASX:SZL) are trading 0.6 per cent lower at $6.36.

Katrina Bullock

Finance News Network
Katrina is a respected TV journalist, as well as a renowned presenter and award winning lawyer. She holds a Bachelor of Laws (Honours 1st class, division 1), a Bachelor of Business (with Distinction) and is currently undertaking a PhD in Law focused on stock exchange disclosures and corporate governance. She began her career as a corporate lawyer in an Australian top tier commercial law firm and is currently the General Counsel of Greenpeace Australia Pacific. In 2020 Katrina was named one of the 30 best lawyers in Australia under 30 by Lawyer's Weekly.