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