Brazilian Fintech firm Meliuz (Cash3) Plan to raise R180.08 million ($ 32.4 million) by an offer to equity, According to a filing.
Funds are specifically marked for Buying BitcoinBalving the company’s recent strategic shift to incorporate bitcoin into its balance.
The offer, priced at R7.06 ($ 1.27) per part, was about 5% less than Meliuz’s R7.43 price closing on Thursday. Stock has dropped more than 5% in trading today.
The BTG Pactual served as a book-runner for the deal, according to the filing.
Earlier this year, Meliuz revealed The company plans to raise $ 78 million in equity to be “the first Bitcoin Treasury Company” in Brazil.
The FinTech company, which calls on its own “fastest growing shopping app in Brazil,” boasts about 41 million loyal users as this year’s first quarter, According to a presentation. The company currently has a R647.08M market cap ($ 116.5m), according to TradingView data.
