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All you need to know about Z1P’s SPP

Mar 08, 2022

Key Takeaways:

  • Z1P has announced SPP to raise AU$$50 million before cost.
  • It has raised AU$148.7 via Institutional Placement.
  • The funds would provide additional capital runway to implement on the possible synergies from its planned SZL’s acquisition.

Following the completion of AU$148.7 million Institutional Placement, BNPL player Zip Co Limited (ASX: Z1P) on 11 March 2022 announced its share purchase plan (SPP). Under the share purchase plan, the Company aims to raise ~ AU$50 million (before costs). The SPP is not underwritten, and the Company may decide to raise this cap and agree oversubscriptions or reduce applications under the SPP at its complete discretion.

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