iCandy Raises A$2.5m in heavily oversubscribed placement

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  • 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/

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Posted on

September 21, 2020