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Vividthree raises $2.2 million via placement with sights on NFT market

The Edge Singapore
The Edge Singapore11/21/2021 10:16 PM GMT+08  • 2 min read
Vividthree raises $2.2 million via placement with sights on NFT market
The investors include Evolve Capital Management; Asdew Acquisitions; and Jin Xin Wealth Management.
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Vividthree Holdings has raised $2.2 million through placing out 37.5 million new shares to a group of investors to fund acquisitions and fund new projects, including the market of non-fungible tokens, or NFTs.

The placement price, at 5.832 cents each, is a 10% discount off the last traded price on Nov 16 before a trading halt was called. Trading will resume on Nov 22.

The investors include Evolve Capital Management; Asdew Acquisitions; and Jin Xin Wealth Management.

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