On September 23, we reported about an upcoming capital increase at the niiio finance group. The day after, the company from Görlitz had confirmed that it was examining financing options, but still had to practice formulating acrobatics in order not to fully confirm the information.
Now it turns out that the 4investors information was completely correct: The niiio finance group will place more than 2.28 million new shares with strategic investors. As already reported by us, shareholders will not receive any subscription rights. The placement price will be EUR 1.00 per niiio share – the minimum price at which such a measure is possible. Current indications for the niiio share in Tradegate trading are 0.86 / 0.91 euros.
Although it is a little later than initially planned with a period of up to October 15, the further details of the capital increase correspond to our information from September: “The fintech company from Görlitz, a provider of cloud banking software with a focus on Asset management wants to place up to 2.2 million share certificates with institutional investors as part of a private placement without subscription rights ”, it said among other things.
“The cloud banking software specialist intends to use the funds from the capital increase to massively drive its growth and, in particular, increase management capacities and sales activities,” reports niiio. The East German fintech software company is also considering acquisitions.