Propel Holdings Inc (TSE:PRL) has released an update.
Propel Holdings Inc., a fintech company, has completed a C$115 million bought deal offering, issuing subscription receipts to fund the acquisition of QuidMarket, a UK-based digital lender. The proceeds will also bolster working capital and general corporate purposes. The successful offering reflects Propel’s growth strategy and commitment to serving underserved consumers with credit solutions.
For further insights into TSE:PRL stock, check out TipRanks’ Stock Analysis page.