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Wisr Ltd. ( (AU:WZR) ) has provided an update.
Wisr Limited has successfully completed a $9.4 million institutional placement, issuing over 301 million shares to sophisticated investors. The capital raised will be used to repay $7.5 million of the company’s corporate debt, reducing the balance to $27.5 million, and to support loan origination growth and product development. Additionally, Wisr plans to offer a non-underwritten Share Purchase Plan (SPP) to eligible shareholders to raise up to $2 million, providing further financial flexibility and liquidity.
The most recent analyst rating on (AU:WZR) stock is a Buy with a A$0.07 price target. To see the full list of analyst forecasts on Wisr Ltd. stock, see the AU:WZR Stock Forecast page.
More about Wisr Ltd.
Wisr Limited (ASX: WZR) is an Australian fintech lender that offers digital lending services and financial tools to help Australians manage debt, access credit, and make informed financial decisions.
Average Trading Volume: 1,594,227
Technical Sentiment Signal: Sell
Current Market Cap: A$43.63M
Learn more about WZR stock on TipRanks’ Stock Analysis page.