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QuickFee Issues Over 6 Million Shares for Immediate Trading

Story Highlights
  • QuickFee issued 6,092,130 ordinary shares, including shares for warrants and employee rights.
  • The issuance allows immediate trading under section 708A(5) of the Corporations Act 2001.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
QuickFee Issues Over 6 Million Shares for Immediate Trading

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QuickFee Ltd. ( (AU:QFE) ) has issued an announcement.

QuickFee Limited has issued 6,092,130 fully paid ordinary shares, including 5,000,000 shares related to share warrants under a term loan facility agreement and 1,092,130 shares to employees upon conversion of performance rights. This issuance allows for immediate trading of these shares under the exemption provided by section 708A(5) of the Corporations Act 2001, potentially enhancing liquidity and market activity for QuickFee’s securities.

More about QuickFee Ltd.

QuickFee (ASX: QFE) is a fast-growing financial technology company that aids professional service firms in accelerating their accounts receivables and getting paid faster. The platform offers multiple online payment options and e-invoicing integrations, serving primarily the accounting and legal professions in the United States and Australia.

Average Trading Volume: 454,180

Technical Sentiment Signal: Buy

Current Market Cap: A$35.21M

Find detailed analytics on QFE stock on TipRanks’ Stock Analysis page.

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