Australia's Wisr slips on discounted capital raising

WISR

07/11/2025 02:50

** Shares of Wisr Limited WZR.AX fall as much as 8.8% to A$0.031, their lowest level since October 24

** Stock set for its weakest trading session since October 17, if current trend holds

** The digital lending co to raise up to A$11.4 million ($7.41 million) through placement and share purchase plan

** Issue price of 3.1 Australian cents per share marks a discount of 8.8%, as of last close

** Proceeds used to repay A$7.5 million corporate debt facility, provide working capital and liquidity to support loan origination growth and product development

** However, co now expects to achieve cash NPAT profitability in H2 FY26

** YTD, shares rise 23.1%, including the day's moves

($1 = 1.5389 Australian dollars)

 (Reporting by Aamir Shaik Khalid in Bengaluru)

 ((aamir.sheikkhalid@thomsonreuters.com))