Me Today Limited (NZX: MEE) has successfully placed $750k of the shortfall arising from its rights issue, bringing the total capital raised to $7.5m.
CEO Michael Kerr said the money will meet the immediate cashflow requirements of the group and allow continued investment in their product range.
The new shares from the shortfall placement will be allotted on 6 July 2022.
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The deal is subject to regulatory approvals and commercial conditions.
Every sector of the Australian share market has lost ground.
The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.
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