Brief: Splitit Ltd Says Obtained $50 Million Commitment From Motive Partners

Splitit

16/08/2023 02:03

Aug 16 (Reuters) - Splitit Ltd  SPT.AX :
    * OBTAINS US$50 MILLION COMMITMENT FROM MOTIVE
    * SIGNED A DEFINITIVE AGREEMENT FOR AN INVESTMENT OF UP TO
US$50
MILLION FROM FUNDS ADVISED BY MOTIVE PARTNERS
    * AGREEMENT TO ACCELERATE SPLITIT'S GROWTH AND SUPPORT
EXECUTION
OF ITS STRATEGIC PLAN
    * PROPOSED US$50 MILLION INVESTMENT IS COMPRISED OF TWO
US$25
MILLION TRANCHES
    * FIRST US$25 MILLION TRANCHE WILL BE INVESTED IMMEDIATELY
UPON
SHAREHOLDER APPROVAL OF CO VOLUNTARILY DELISTING FROM ASX

Source text for Eikon:  ID:nASX1M4nzM 
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 ((Reuters.Briefs@thomsonreuters.com;))