- Wisr (WZR) has placed its shares in a trading halt in connection with a proposed institutional placement and share purchase plan
- Company shares are expected to remain in the halt until the placement has been completed, which is expected to be on or before June 2
- At this stage, there has been no clear indication as to how Wisr might look to spend the funds or how much it is looking to raise
- The ASX-lister’s March 2021 quarterly cashflow report revealed it had roughly $12.2 million in cash, which is enough to see it through the next 54 quarters based on spending levels at the time
- Prior to the trading halt, Wisr shares last traded at 32 cents
Wisr (WZR) has placed its shares in a trading halt in connection with a proposed institutional placement and share purchase plan.
Shares in the Australian neo-lending company are set to remain in the trading halt until the commencement of trading on Wednesday June 2 or until a formal announcement regarding the capital raise is made to market.
At this stage, there has been no clear indication as to how Wisr might look to spend the funds or how much it is looking to raise.
In most recent news, Wisr reported its inaugural asset-backed securities transaction had been priced at $225 million and received a AAA rating for 37 per cent of the asset pool from bond credit rating firm, Moody’s.
The ASX-lister’s March 2021 quarterly cashflow report revealed it had roughly $12.2 million in cash, which is enough to see it through the next 54 quarters based on spending levels at the time.
Prior to the trading halt, Wisr shares last traded at 32 cents.