8common (ASX:8CO) raises $2.25M in extra capital

8common (8CO) has successfully completed its recent capital raise, walking away with $2.25 million in extra cash.

The fintech company said it received firm commitments from investors as part of the share placement.

Under the offer, new shares were worth 13 cents each and over 17.3 million shares were available to buy.

The placement will settle on October 28, with new shares to begin trading on the ASX by October 30.

“8common are delighted with the strong response from the institutional investment community to the placement,” 8CO Executive Chairman Nic Lim said.

The fintech stock will use the $2.25 million raised to expand CardHero — the company’s integrated payment and expense management solution.

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Source: 8common (ASX:8CO) raises $2.25M in extra capital – The Market Herald