Finance Feeds logo

DigitalX raises A$2.46m in share purchase plan

Maria Nikolova

The company has also received commitments for a Top-Up Placement to raise an additional A$1.29 million.

Blockchain-based solutions provider and ICO adviser DigitalX Ltd (ASX:DCC) today announces that its Share Purchase Plan (SPP) has closed significantly oversubscribed, raising a total of AUD 2.46 million

The Company has elected to accept the SPP oversubscriptions and has also received firm commitments for a Top-Up Placement to raise an additional AUD 1.29 million, taking the total to AUD 3.75 million.

Funds raised from the SPP and Top-Up Placement will be applied towards the evaluation of potential investment and acceleration opportunities and for general working capital.

The Shares pursuant to the SPP and Top-Up Placement will be issued at an issue price of A$0.0677289 per Share being a 20% discount to the Volume Weighted Average Price traded on the ASX in the preceding 5 days to today’s allotment day.

Earlier this week, DigitalX Ltd (ASX:DCC) announced the issue of a total of 1,895,453 shares at a deemed issue price of $0.061551 per share.

This happened less than a week after the company said it had finalised the legal proceedings, which related to an Originating Application and Statement of Claim filed by a group of parties relating to an investment made by those parties in an initial coin offering (ICO) to which the company was an advisor. Today’s share issue marks the first tranche pursuant to the settlement deed.

Subscribe

Read this next

Retail FX

Italy blocks domains of Vantage, Luno Invest and Crypto Trade

Consob, the Italian securities regulator, has dropped the hammer on yet another number of FX websites it says were illegally promoting trading products in the country. It has contacted Italy’s internet service providers (ISPs), requesting that they block access to all of the sites in question.

Digital Assets

Celsius users consider legal challenge to reorganization plan

A group of creditors from the bankrupt crypto lender Celsius is looking into legal options to challenge the company’s reorganization plan, which they claim unfairly favors certain creditors.

Digital Assets

e-CNY mastermind Yao Qian arrested in corruption probe

The mastermind behind China’s central bank digital currency (CBDC) project is reportedly under scrutiny for suspected “violations of discipline and law,” according to Shanghai Securities News.

e-CNY mastermind Yao Qian arrested in corruption probe
Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary: USD Strength, US PCE, Eurozone April 26 ,2024

US inflation data came in hotter than expected, pressuring the Federal Reserve to potentially raise interest rates and causing the US Dollar to rise against the Euro as the Eurozone faces economic uncertainties.

blockdag

BlockDAG Presale Tops $20.7M! Here’s How to Buy BDAG Coins with USDT and Ethereum for Explosive Gains of 30,000x

Early investors are looking at potentially significant returns in its tenth batch at $0.006 per coin.

Buy BDAG Coins and Miners 640
Retail FX

Exclusive: Prop firm Funded Engineer faces lawsuit from FPFX

Retail trading tech provider FPFX Technologies, LLC (FPFX Tech), has filed a lawsuit against the prop firm Funded Engineer and its associated operatives for alleged breaches of contract.

Market News, Tech and Fundamental, Technical Analysis

USDJPY Technical Analysis Report 26 April, 2024

USDJPY currency pair can be expected to rise further toward the next resistance level 160.00, target price for the completion of the active impulse sequence (C).

Education, Market News

Whether you’re curious about starting technical analysis or an experienced trader looking to refine your strategy, this guide will equip you with the knowledge you need to master technical analysis.

The importance of technical analysis in investing cannot be overstated; it is a cornerstone of stock research.

Man sitting and staring into monitors
Digital Assets

US crypto miner and founders hit with $5.6 million fraud charges

The U.S. Securities and Exchange Commission (SEC) has filed charges against Texas-based cryptocurrency mining and hosting company Geosyn, and its co-founders Caleb Ward and Jeremy McNutt.

<
✖