Led by Barclay Pearce Capital Pty Ltd, the placement involves two tranches of amount A$3,000,000 and A$7,055,300 at a combined issue price of A$0.16 per share. The total placement highlighted a blended price of A$0.16 per share. Fintech Player IOUpay Limited (ASX:IOU) On a Bull Run, Stock Up 7x in 4 Months, Get Acquainted with High-Calibre Leadership Team at IOUpay Limited, Crypto Market Crashes! The principal purpose of the Content is to educate and inform. We use cookies to ensure that we give you the best experience on our website. Fueling the Growth of Small Business Partner with Us Flexible Small Business Loans 3-Minute Application,Pre-Approved in Seconds! Tranche two includes the issue of 42,437,462 ordinary shares at 16.6 cents each to raise $7,055,300. IOUpay has announced a successful capital raise of A$10,055,300 under a private placement with binding commitments secured from its existing and new investors. Company shares are trading 7.69 per cent higher for 21 cents at 10:52 am AEDT. The IOUpay share price closed the day’s trade at 22 cents a … IOU by the numbers ... it is worth knowing the company completed a capital raise … As approved by the shareholders, Barclay Pearce is expected to receive 20,000,000 options as Lead Manager Options from the Company on completion and settlement of the placement. IXUP (IXU) has entered a binding share purchase agreement to acquire sports tech company, DataPOWA. Its advanced, automated application and approval system accurately identifies business health, enabling us to make loans of up to $600,000 within a few business days, and at favorable charges, to qualifying businesses. A. IOU’s request for a trading halt pursuant to Listing Rule 17.1 on 16 February 2021, disclosing that IOU is considering capital raising initiatives and opportunities (‘Information’) and the purpose of the trading halt is to allow IOU time to consider same. The stock closed at A$0.215 on 9 November 2020, up 10.256% from the previous close. Four Innovative Aussie Small-Cap Stocks That Could Shoot Up. New ASX payments company IOUpay Ltd (ASX: IOU) rocketed today following the successful capital raise program announced last week. The company operates mobile banking, buy now pay later and digital payment divisions. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. IOUpay provides mobile banking and digital purchase and payment services for Southeast Asia's banking and corporate sectors. The additional funds raised from the Tranche 2 placement are expected to be utilised to expedite growth required in digital payment inventories and new product development, in addition to funding working capital requirements across the Group. While the capital raise came after Finma raised the bank’s capital requirements, Gottstein said the decision was the bank’s own.“This was not … Fast cash isn't usually so easy. Importantly, the placement is being conducted on a pro-rata basis which means if an investor participates in tranche one, then they're also a participant in tranche two on a pro-rata basis. The IOUpay Ltd (ASX: IOU) share price is frozen again today after the company requested a trading halt. Chairman Aaron Lee has expressed the Company’s delight towards receiving strong market response regarding the growth plans to become a leading player in the digital payments space in South East Asia. IOUPAY LIMITED (ASX: IOU) (ACN 091 192 871) Suite 305, Level 3, 35 Lime Street, Sydney NSW 2000 Tel: (02) 8296 0000 Website: www.iou-pay.com 9 November 2020 ASX Announcements Office Successful Capital Raise HIGHLIGHTS: • Successful capital raise totalling commitments of $10,055,300 via placements to sophisticated and institutional investors; The informal nature of … The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. Be the first with the news that moves the market, ASX Today: Rebound to continue despite ore dive, Infinity Lithium Corporation (ASX:INF) shares crash amid Spanish permit cancellation, The “gas-fired” investment opportunity in the Australian energy sector, Imugene (ASX:IMU) expands patent portfolio with City of Hope, Province Resources (ASX:PRL) enters trading halt ahead of fresh capital raise, AnteoTech (ASX:ADO) signs COVID-19 test manufacturing contract, Great Northern Minerals’ (ASX:GNM) shares jump on high-grade results from Camel Creek, Digital payment specialist IOUpay (IOU) is planning to raise over $10 million through a two-tranche pro-rata placement, Tranche one will issue over 20.4 million shares at 14.7 cents each to raise $3 million, The second tranche includes the issue of more than 42.4 million shares at 16.6 cents to raise around over $7 million, As the placement is on a pro-rata basis, investors who participate in the first tranche will also participate in the second tranche, Therefore, IOUpay has noted the combined issue price of both tranches is 16 cents — representing an 18.45 per cent discount to the five-day volume-weighted average price, Funds will be used for salaries and admin costs as well as to accelerate growth in IOUpay's digital payment inventories and developing new products, Company shares are trading 7.69 per cent higher for 21 cents. IOU Financial completed their IPO in February 2011 through a reverse merger process, and did not raise capital at this time. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. IOUpay (IOU), formerly iSentric, has received binding commitments to raise up to $10,055,300 through a two-tranche placement. The Tranche 1 placement amounting to A$3,000,000 was issued at the offering price of A$0.147, representing a 25% discount to the 5-day VWAP before the placement date as per the specific shareholder approval received at the EGM. It also undertook a capital raising back in late August and early September, where it raised $2.07 million after receiving over $4 million in … This issue price represents a hefty 25 per cent discount to the five-day volume-weighted average price (VWAP). IOUpay is a digital payment specialist who rebranded from its former name of 'iSentric' to 'IOUpay' to better reflect its digital banking focus and assist Malaysia and Indonesia as they transition to online banking and buy now, pay later services. Also Read: Fintech Player IOUpay Limited (ASX:IOU) On a Bull Run, Stock Up 7x in 4 Months. Barclay Pearce is a corporate advisory and equities trading firm with a team of institutional specialists providing general advice, trade execution and quality objective research for institutional and corporate clients seeking to … Last week, the company signed a merchant referral agreement with … Also Read: IOUpay Limited (ASX:IOU) Ends September Quarter with Panache. IOU Financial Inc. is a wholesale lender that provides quick and easy access to growth capital to small businesses through a network of … The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. The additional $7 million under tranche two will be used to accelerate growth in IOUpay's digital payment inventories and developing new products. Houston We Have (HWH) has completed due diligence for the acquisition of life sciences technology company, Alerte Echo IQ. IOU Financial achieved profitability with record loan originations in the months of July and August, totalling US$31.3 million, representing a year over year increase of … Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. The issue price represents a 15.31 per cent discount to the five-day VWAP. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary. We have sent an e-mail with a confirmation code to. IOU Financial has fast, flexible small business loans, always there when your clients need them. The capital raise received support from new and existing sophisticated and institutional investors and is being led and managed by IOUpay's lead broker, Barclay Pearce. The A$10.05 million private placement was raised in two tranches with A$3 million raised from Tranche 1 and A$7.01 million raised from Tranche 2. IOUpay said accelerating the growth of its BNPL (buy now, pay later) platform will be a key target area in the deployment of its $10m capital raise. The company trades on the TSXV under the IOU ticker. Strong investor demand for additional shares under the Tranche 1 funding of the approved A$3,000,000 limit coerced the Company to issue additional shares at a higher issue price under its ASX LR7.1 placement capacity. 304.99KB: Share: IOU Trading Halt: 05/11/20: PRICE SENSITIVE: Created with Sketch. IOU has witnessed a stock price rally of more than 2000% in the last six months ended 9 November 2020. Buy now, pay later (BNPL) provider IOUpay (IOU) has completed a $50 million placement as it looks to grow its presence in South East Asia. Some of the images/music that may be used on this website are copyright to their respective owner(s). IOUpay has announced a successful capital raise of A$10,055,300 under a private placement with binding commitments secured from its existing and new investors. IOU Partners with EasyStore to provide BNPL Services: 09 Feb 08:38: Share : December Activities Report and Quarterly Cashflow Report: 29 Jan 17:14: Share : View More. The capital was raised in two tranches. … The options have 12 months expiry time from the date of the granting and an exercise price of A$0.04, which on exercising entitles the holder to subscribe for one fully paid ordinary share. The funding round was led by Barclay Pearce Capital Pty Ltd. The team has rich experience of working across different market... Fintech solutions provider IOUpay Limited (ASX:IOU) has successfully secured binding commitments for A$10,055,300 under a private placement supported by its existing and new investors. We will have to … Enter the email address associated with your Kalkine account. The price rally was experienced on the back of business achievements and initiatives undertaken by the Company during the period. K2fly (K2F) has won a contract extension from Fortescue Metals Group (FMG). Any calls will be made by Kalkine Solutions Private Limited on our behalf or on behalf of Kalkine Pty Ltd . US$1 Trillion Wiped Off In 5 Days, Australian Indices Ended in Red After Wall Street Ended on Unfavourable Note, Eye on resource upgrade, Lake Resources (ASX:LKE) ramps up drilling at Kachi, Lithium Energy (ASX:LEL) Shares Surge 85% on ASX Debut, Oil prospects: current economic milieu and path to recovery, Amazon's Jeff Bezos sets a new record as world's richest person, with net worth above $171 billion, Commonwealth Bank of Australia (ASX :CBA), Australia and New Zealand Banking Group Limited (ASX :ANZ), National Australia Bank Limited (ASX :NAB), Fortescue Metals Group Limited (ASX :FMG), Insurance Australia Group Limited (ASX :IAG). If you continue to use this site we will assume that you are happy with it. Bernie Waldoff, of Bernie Waldoff Investment Securities IOU Capital, receives a surprise visit from the Securities Exchange Commission, SEC, and he scrambles to make sure that his company looks legit enough as to not raise suspicion. Led by Barclay Pearce Capital Pty Ltd, the placement involves two tranches of amount A$3,000,000 and A$7,055,300 at a combined issue price of A$0.16 per share. IOU Financial provides successful small business owners access to the capital they need to seize growth opportunities quickly. Last 32.0¢ Change 0.015(4.92%) Mkt cap ! High-flying fintech play IOUpay (ASX:IOU) has successfully completed a $50 million placement today, the largest single raising in the company’s history.. A total of 100 million shares were placed at 50 cents a share, with both new and exisiting institutional investors quickly snapping up the offer within 48 hours. Apart from changing its name, the Company introduced the new BNPL offering and made changes to the management team. Team Kalkine Media comprises of experts who understand various markets nuances and are enthusiastic and passionate to provide best possible offerings in the form of insights and stories. At the general meeting in September, shareholders approved $3 million to be raised at 14.7 cents per share. IOUpay (IOU), formerly iSentric, has received binding commitments to raise up to $10,055,300 through a two-tranche placement. The capital raise adds a further $50 million to IOU’s balance sheet to aid in growth initiatives including digital payments and to accelerate new … Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. Even before the transformational $50M capital raise of February 2021, IOU had current assets totaling $13,786,065 (see page 11). In November, IOU announced a successful capital raise of A$10,055,300 supported by its new and existing investors. The capital raise received support from new and existing sophisticated and institutional investors and is being led and managed by IOUpay's lead broker, Barclay Pearce. The capital raising is another milestone for IOU towards expanding its product offerings, both new and existing. Directed by Stephen Cognetti. To put this placement into context, at the start of 2021 IOUpay had a market capitalisation of $74 million. ASX granted the trading halt at 9:13 AM on 16 February 2021. (20min delay) Trade with IG. IOUpay closed 4.88 per cent in the red for 20 cents per share. With Nikki Ganz, Robert Lasprogato, Stephen Lundberg, Richard Porter. Importantly, after the half-year reporting period, IOU did a big capital raise — to the tune of $50 million. 20,408,163 ordinary shares are being issued under tranche one. An amount of A$3,000,000 was approved on 30 September by shareholders at the Company’s General Meeting with A$7,055,300 raised additionally in Tranche 2, utilising IOUpay’s existing capacity under ASX Listing Rule 7.1. B. The Company intends to use the capital raised towards administrative and working capital purposes along with a focus on new and existing product development. A simple tool used by many investors to gauge the fiscal safety of a company is to consider the ratio of current assets verses current liabilities. Related Read: Get Acquainted with High-Calibre Leadership Team at IOUpay Limited. With a fresh $3.6 million capital raise under its belt and $2.8 million in cash and call deposits at the last count, IOUpay’s new influx of investors will be eagerly awaiting the next moves from another hopeful fintech stock. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. But lenders such as OnDeck, CAN Capital, Kabbage, IOU Central, and others are loaning quickly by assessing small-business creditworthiness in … The post iSentric adds BNPL capability to platform in Malaysia boosted by capital raising appeared first on Stockhead. The two-tranche placement resulted in the Company issuing around 62.85 million ordinary shares. Copyright © 2021 Kalkine Media Pty Ltd. All Rights Reserved. South East Asia-focussed buy now, pay later (BNPL) provider IOUpay (IOU) has entered a trading halt ahead of a proposed capital raise. IOUpay (ASX:IOU) shares rally after successful capital raise The IOUpay Ltd (ASX: IOU) share price surged today following the shares return to the market after a trading halt last week. IOU Financial Inc. is a wholesale lender that provides quick and easy access to growth capital to small businesses through a network of … This is against current liabilities of just $1,503,463. The funds will be raised at a price of 16.0c each, which represents a 17.9 per cent discount to IOUpay’s last closing price. IOU Financial can deliver funding within 24 hours! Therefore, IOUpay has noted that the combined issue price of both tranches is 16 cents which represents an 18.45 per cent discount to the five-day VWAP prior to the date of the placement. By creating an account, you will get access to Hotstocks & curated emails. The offering price represented an 18.45% discount to the 5-day VWAP (volume weighted average price) prior to the date of the placement. "This capital raising represents another important milestone in our roadmap to expand our existing and new product offerings," Chairman Aaron Lee said.
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