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Canadian fintech Greifenberg Digital (GDLT) has filed to boost as much as $15M by means of a direct providing of its shares on the US market.
Greifenberg stated in a filing that it intends to supply as much as 3M shares at the assumed value of $5 per share, a quantity that might doubtless change.
Shares might be supplied by administration on behalf of the corporate on a “finest efforts” foundation, with no underwriter concerned. Buyers can subscribe to the providing by filling out an software connected to the prospectus.
The provide might be accomplished 180 days from the date of the prospectus supplied the corporate raises no less than $10M. If it doesn’t, subscribers to the providing can have their subscription value refunded.
Based mostly in British Columbia, Greifenberg is creating threat analytics for rising mounted earnings markets, focusing first on Chinese language company bond market. The corporate plans to increase to incorporate Australia and rising company bond markets in South America and Asia.
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