iSignthis backs close to a third of NSX’s $3.5m capital raise

iSignthis backs close to a third of NSX’s $3.5m capital raise

Risk Disclaimer >>
Ad disclosure Fintech-Insight stands firm in its mission to facilitate sound financial decisions for you. We forge alliances with specialists to provide the latest in news and facts. Engagement with designated links, sponsored entries, products and/or services, leading transfers to brokers, or promotional content might entail financial recompense for us. We pledge to protect our users from any negative repercussions arising from utilizing our site. Be informed that no content hosted here should be interpreted as authoritative in legal, tax, investment, financial matters or any expert counsel; it is meant for informational purposes exclusively. Should there be any concerns, securing the guidance of an independent financial consultant is recommended.

The National Stock Exchange of Australia (ASX: NSX) has completed a $3.5 million capital raise today, with nearly a third of the funds coming from outgoing interim CEO John Karantzis’ iSignthis (ASX: ISX).

The funds will be used for working capital, and for finalising upgrades to the exchange’s NASDAQ-modelled trading engine as well as corporate IT systems.

In addition, the NSX will deploy some of the funds to commence a search for, and appoint, a new CEO to manage the growing exchange business

Current interim CEO John Karantzis, also the founder of iSignthis which contributed $1 million to the placement, will be stepping down from his role at the exchange to focus on growing his payments service provider.

“The company is delighted with the support from existing and new shareholders,” Karantzis said.

“The result ensures that the company will be able to continue with its strategy and business initiatives.”

To read more, please click on the link below…

Source: iSignthis backs close to a third of NSX’s $3.5m capital raise

Risk Disclaimer

Fintech-Insight is dedicated to delivering unbiased and dependable insights into cryptocurrency, finance, trading, and stocks. However, we must clarify that we don't offer financial advice, and we strongly recommend users to perform their own research and due diligence.

Leave a Reply