- Splitit Payments (SPT) enters into a trading halt ahead of a capital raise
- It is not known to the market on how much the company is aiming to raise or how it plans to spend the money
- Company shares will be paused until Tuesday, August 30, or when further information has been released to the market
- Shares in Splitit halted at 20.5 cents on August 24
Splitit Payments (SPT) has entered into a trading halt ahead of a capital raise.
It is not known to the market on how much the company is aiming to raise or how it plans to spend the money.
Company shares will be paused until Tuesday, August 30, or when further information has been released to the market.
Splitit is a buy now, pay later platform that allows people to leverage their existing credit in a way that works better for them.
They are free of fees, application and credit checks and claims to be the “smarter, more sensible choice” for users.
The company released its quarterly report for the three months ending June 30, 2022 in July.
Over the quarter, the company made progress across all three growth pillars (distribution partners, white-label and unlocking BNPL for issuers) as it looks to execute a new strategy.
Shares in Splitit halted at 20.5 cents on August 24.