Payments group QuickFee seeks quick equity
Newly listed cash flow finance business QuickFee is back in front of investors seeking an equity top-up.
The company’s shares went into a trading halt on Tuesday morning while its stockbroker Bell Potter Securities went about finding buyers.
QuickFee was offering about 35 million new shares at 21¢ each to raise $7.5 million, according to terms sent to potential investors.
The deal was structured as a two-tranche placement and priced at an 8.7 per cent discount to the last close and a 9.8 per cent discount to the 20-day VWAP, the term sheet said.
Funds raised were to grow QuickFee’s lending book ($6 million), technology development ($1.1 million) and to pay the offer costs.
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