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Cipherpoint Ltd 'overwhelmed by support' for its share purchase plan and placement

Cipherpoint Ltd's (ASX:CPT) Steven Bliim tells Proactive's Andrew Scott they've received binding commitments for a placement to raise an additional $437,000 following a heavily oversubscribed share purchase plan (SPP). On June 30, 2020, the company closed its $500,000 SPP well oversubscribed following strong support from existing shareholders. Due to the over-subscriptions, applications are being scaled back on a pro-rata basis according to the number of SPP shares applied for.

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ASX:CVT
Market: ASX
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Cipherpoint Ltd's Steven Bliim welcomes Bank of Finland as major new customer

Cipherpoint Ltd's (ASX:CPT) chief operating officer Steven Bliim speaks to Proactive's Andrew Scott after announcing they've gained a new major European customer with the Bank of Finland to licence its cp.Protect product. cp.Protect has been deployed by the European bank to enable secure...

on 16/6/20

2 min read