Findi Limited raises capital to fund India White Label ATM license

Findi Limited (ASX: FND) announced that it had secured strong commitments from current professional and sophisticated investors for an AU$2.1 million placement of additional shares. Moreover, the directors have agreed to participate in the placement for a total commitment of up to AU$200,000, subject to shareholder approval. Under the terms of the placement, the company would issue at least 4,200,000 additional ordinary shares at AU$0.50 per share, which represents no reduction to Findi's most recent ASX closing price.

The funds raised will be injected into Findi's Indian subsidiary, raising its net assets to over 1 billion Indian rupees and allowing the company to apply for a White Label ATM license during the current fiscal year (ending 31 March 2023). It enables the firm to avoid delaying the application while new audited financials are created.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com