Me Today Announces Equity Raise to Accelerate Growth

  • Jul 08, 2020 NZST
  • Team Kalkine
Me Today Announces Equity Raise to Accelerate Growth

Me Today Limited (NZX:MEE) has shared its intentions to raise about $4.5 million through an issue of new ordinary shares. The capital raising consists of:

  • A retail offer to preferred investors of up to $3 million, with ability to accept oversubscriptions of $1 million;
  • A SPP aiming $250,000 to eligible existing shareholders, with ability to accept up to $250,000 of oversubscriptions.

The offer price of 9.5 cents per new share is a 26.4 per cent discount to the closing price of the company’s shares on 7 July 2020 and a 28.1 per cent discount to the ten-day VWAP to 7 July 2020.

 


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