- On 15 September 2020, Abelco’s investee iCandy Interactive (ASX: ICI), a mobile gaming company, completed an A$1.25 million capital raise at two cents per share
- The placement was heavily oversubscribed – receiving more than $5 million in bids
- Due to overwhelming response, iCandy completed another A$1.2m capital raise at 4.5 cents less than a wake later, a 125% increase compared to the previous capital raise.
- iCandy will use the money to expand its mobile gaming and esports business as well as new marketing initiatives across Australia and Asia
Source:
https://themarketherald.com.au/icandy-interactive-asxici-raises-1-25m-in-heavily-oversubscribed-placement-2020-09-15/
https://themarketherald.com.au/icandy-interactive-asxici-raises-another-1-2m-2020-09-21/