Sezzle Completes Capital Raising of A$79.1 million to Accelerate its Growth, Stock up ~20%

  • Jul 13, 2020 AEST
  • Team Kalkine

Sezzle Inc (ASX:SZL) completed its capital raising of A$79.1 million via a fully underwritten institutional placement.

The Placement priced at $5.30 per CHESS Depositary Interest and was well supported by Sezzle’s existing as well as new CDI holders.

Moreover, the Company disclosed that funds shall be used for accelerating growth strategy of Sezzle and strengthening its balance sheet.

Post announcement, SZL quoted at A$8.480, up by 22.158% at AEST 11:56 AM.


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