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Oceanus raises $29.2 mil via proposed share placement at issue price of 2.3 cents apiece

Felicia Tan
Felicia Tan3/22/2022 6:46 PM GMT+08  • 2 min read
Oceanus raises $29.2 mil via proposed share placement at issue price of 2.3 cents apiece
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Oceanus Group has placed a total of 1.27 billion new ordinary shares in PY Opulence Investment Pte. Ltd, Golden Summit International Ltd and Alacrity Investment Group Limited (collectively known as the placees) via conditional placement agreements on March 22.

The placements were made at an issue price of 2.3 cents per placement share, representing a premium of 9.5% to the weighted average price of 2.1 cents per share on March 21. The total issue price stood at $29.2 million.

Oceanus had, on the same day, entered into a token subscription agreement with HydraX Digital Assets Pte. Ltd and Alacrity Investment Group Limited, where it had proposed to issue 4% convertible bonds in the form of digital tokens for a total principal amount of up to US$6 ($8.1 million).

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