FIINU PLC (Lon: Bank) has entered into subscription agreements to raise gross income of up to £ 1,410,000 through the release of 9,400,000 new ordinary shares in 15 pens per share.
The subscription shares will be issued to institutional and other investors, in response to market demand, and the corresponding funds will be used to provide additional capital.
A significant part of the capital will be registered by QVP, a Luxembourg -based fund, which is actively investing in innovative businesses and dedicated to assisting local entrepreneurs to refine their products and grow internationally.
The issue price of the subscription shares represents a 50% premium for the subscription announced on August 6, 2025, in relation to the reverse acquisition of Everfex PSA, and reflects the issue of the large settlement of facilities announced on September 125.
An application for subscription shares, which will be ranked in Pari Passu with existing ordinary shares, will be admitted to transactions with a target. The entrance is expected to take place on September 17, 2025.