Cuscal Raises A$30m for Paymark Deal, Launches Share Purchase Plan

The latest announcement is out from Cuscal Limited ( (AU:CCL) ).

Cuscal Limited has completed a fully underwritten A$30 million institutional placement, issuing about 7.5 million new shares at A$4.00 each, a modest discount to its recent trading levels, to help fund the acquisition of payments company Paymark. The capital raise, conducted within existing placement capacity and strongly supported by existing and new investors, underscores Cuscal’s strategic push to expand its payments footprint while maintaining equal ranking for new shares with existing stock.

In parallel, Cuscal will launch a non-underwritten share purchase plan for eligible Australian and New Zealand shareholders, targeting up to A$3 million with applications capped at A$30,000 per investor and pricing set at the lower of the placement price or a small VWAP discount. The combined equity raising structure broadens participation in funding the Paymark deal, potentially strengthening Cuscal’s capital base and reinforcing its competitive position in Australia’s payments infrastructure sector.

The most recent analyst rating on (AU:CCL) stock is a Buy with a A$5.13 price target. To see the full list of analyst forecasts on Cuscal Limited stock, see the AU:CCL Stock Forecast page.

More about Cuscal Limited

Cuscal Limited is an Australian authorised deposit-taking institution specialising in payments and regulated data services, providing licences, connectivity and processing capabilities across all major payment types. Originally formed in 1966 to serve mutual banking organisations, it has invested in innovation to become a leading non-major player in the domestic payments market, alongside the four major banks.

Average Trading Volume: 491,055

Technical Sentiment Signal: Buy

Current Market Cap: A$831.4M

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