WasteCo raises $4.3m in placement, signals retail offering to come

Nothing goes to waste. (Image: NZME)

Tue, 13 Jun 2023

WasteCo raised $4.32 million from new institutional, family office and wholesale investors, selling 66.5m shares at 6.5 cents each.That’s a discount to the 7.5 cent price the shares traded at before being halted on Monday, but they held up when trading resumed on Tuesday, opening at 7.3 cents. “Proceeds from the placement will be applied to assisting with funding for both existing growth and acquisition opportunities as they arise,” the company said in a statement. The waste management firm has continued to roll up s...

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