Canadian fintech Greifenberg Digital (GDLT) has requested to lift as much as $15 million by way of a direct providing of its shares on the US market.

Greifenberg mentioned in a folder that it intends to supply as much as 3 million shares to the assumed value of $5 per share, a quantity that would doubtless change.

The shares will probably be provided by the administration on behalf of the corporate to the extent attainable, with out the involvement of a subscriber. Traders can subscribe to the provide by finishing a type connected to the prospectus.

The providing will probably be accomplished 180 days from the date of the prospectus supplied the corporate raises not less than $10 million. In any other case, subscribers to the provide will probably be refunded their subscription value.

Primarily based in British Columbia, Greifenberg develops threat evaluation for rising mounted earnings markets, initially specializing in the Chinese language company bond market. The corporate plans to increase to incorporate Australia and rising company bond markets in South America and Asia.

For extra data on IPOs, see SA IPO information web page.