Peppermint Innovation re-instated on ASX – Australian FinTech

Peppermint Innovation re-instated on ASX

Peppermint Innovation was re-instated to official quotation on the Australian Stock Exchange (ASX) yesterday, 25 February 2021.

Peppermint also announced its prospectus to raise funds to continue bizmoto’s targets sales and marketing campaign and provide additional working capital has closed substantially oversubscribed.

A prospectus to raise A$2 million to support the company’s re-instatement to the ASX was issued on 29 January. It closed heavily over-subscribed, with Peppermint accepting an additional $500,000, taking the total placement to A$2.5 million.

Peppermint’s Managing Director and CEO Chris Kain said, “We are delighted with the strong level of investor interest shown in the Company during the recent placement and we’re disappointed not to be able to meet the full level of demand.

“Our corporate advisor, Clee Capital, has delivered a highly successful raising and provided us with access to capital that will now allow Peppermint to roll out a number of targeted marketing initiatives that we have not been able to execute during the last 18months.

Kain concluded, “I look forward to delivering on our targeted sales and marketing campaigns and focusing on immediate business opportunities to pave the way for continued growth across the Peppermint platform.”