Cirralto Ltd's (ASX:CRO) Adrian Floate speaks to Proactive's Andrew Scott following its A$18 million fundraise to institutional, sophisticated and professional investors. The strategic capital raise follows two other placements; one in August 2020 undertaken to recapitalise the company, resulting in a debt-free balance sheet, and the second, in November 2020, to support the company’s growth with various payment providers. The company intends to use funds for an accelerated commercialisation plan for its products, potential synergistic acquisitions, commercialisation of pilot business payments solutions and for future working capital requirements.
Cirralto 'a serious player' and looking to aggressively commercialise after A$18 million raise
Quick facts: Cirralto
Price: 0.086 AUD
Market Cap: $175.59 m
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