Australia's Payright soars on securing further funding
05/04/2022 02:31
** Shares of "buy now, pay later" firm Payright PYR.AX
jump as much as 20% to A$0.18, their highest level since Feb. 18
** Co says it has signed a A$125 million ($94.26 million)
warehouse facility with Goldman Sachs and iPartners urn:newsml:reuters.com:*:nASX20ZL8b
** PYR to raise further capital with a A$1.5 million
placement at A$0.18, a 20% premium to the stock's last close, to
Fincap Australia Pty Ltd
** To also issue A$8 million in unsecured convertible notes,
out of which Fincap will subscibe for A$4 million of them
** PYR on course for best session since March 31
** Stock down by a third YTD as of last close
($1 = 1.3261 Australian dollars)
(Reporting by Harshita Swaminathan)
((Harshita.Swaminathan@thomsonreuters.com))