Promisia has successfully raised $4.725 million through its share purchase plan and placement offer.
The company has allotted shares and warrants for $4m under the offer, with the remaining $725,000 conditional on meeting NZX listing rules.
The funds raised will be used to finance the acquisitions of two retirement villages in Cromwell, Golden View Lifestyle Village and Ripponburn Lifestyle Village, which are set to be completed in approximately two weeks.
Promisia also announced its intention to seek approval to vary the warrants at the 2024 annual shareholders meeting.
This includes reducing the exercise price of the warrants and issuing additional warrants to subscribers.
All new ordinary shares and warrants issued under the offer have been settled and allotted, with trading expected to commence soon.
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