QuickFee Offers 5 Million Shares at $0.05 Each to Raise $250K
QuickFee Limited has launched a Share Purchase Plan offering up to 5 million new shares at a 2% discount, aiming to raise $250,000 to fuel loan book growth and strengthen its balance sheet. Neu Capital Australia Pty Ltd has committed to cover any shortfall, underscoring confidence in QuickFee’s growth trajectory.
- SPP offer of approximately 5 million new shares at $0.05 each
- Target raise of up to A$0.25 million with potential scale back or oversubscription
- Neu Capital Australia Pty Ltd committed to shortfall subscription up to A$0.25 million
- Funds to support loan book expansion, balance sheet strengthening, and capital raising costs
- No shareholder approval required; maximum individual participation capped at A$30,000
QuickFee’s Strategic Capital Raise
QuickFee Limited (ASX, QFE), a fintech player focused on accelerating accounts receivable for professional service firms, has officially opened its Share Purchase Plan (SPP) to eligible shareholders in Australia and New Zealand. The offer, announced on 11 June 2025, invites shareholders to purchase up to 5 million new shares at an issue price of A$0.05 per share; a modest 2% discount to the last closing price.
This capital raising initiative aims to secure approximately A$250,000, although QuickFee retains discretion to accept oversubscriptions or scale back applications. The funds raised will be strategically deployed to expand the company’s loan books, reflecting growth in its finance product originations, bolster the balance sheet, and cover associated capital raising expenses.
Investor Participation and Safeguards
Eligible shareholders can apply for new shares in increments ranging from A$2,000 up to a maximum of A$30,000, with no brokerage or transaction fees. The offer is non-renounceable, meaning rights to purchase cannot be transferred, and shareholder approval is not required for the issuance of new shares under the SPP.
Importantly, while the SPP is not underwritten, QuickFee has secured a binding shortfall commitment from Neu Capital Australia Pty Ltd. This commitment ensures that if the SPP is undersubscribed, Neu Capital will subscribe for up to A$0.25 million of new shares at the same issue price, providing a safety net that mitigates funding risk for the company.
Timetable and Market Implications
The offer opened on 11 June and will close on 24 June 2025, with results and any scaleback announcements expected on 25 June. New shares are anticipated to be allotted on 27 June and commence trading on the ASX by 30 June. Shareholders are advised that the share price may fluctuate between the offer and allotment dates, introducing a market risk element to participation.
QuickFee’s approach reflects a measured capital raising strategy aligned with its growth ambitions in fintech lending. The involvement of Neu Capital as a shortfall backer signals external confidence in QuickFee’s prospects, while the modest raise size suggests a cautious but deliberate step to support operational scaling without excessive dilution.
Looking Ahead
As QuickFee navigates this capital raise, the market will be watching closely to see shareholder uptake and the company’s ability to leverage the new funds to accelerate loan book growth. The outcome of the SPP and any subsequent share price reaction will provide early indicators of investor sentiment towards QuickFee’s strategic direction.
Bottom Line?
QuickFee’s SPP launch, backed by Neu Capital’s shortfall commitment, sets the stage for measured growth; investors await uptake and impact.
Questions in the middle?
- Will QuickFee’s SPP fully subscribe or require scaleback, and how will that affect shareholder dilution?
- How effectively will QuickFee deploy the new capital to accelerate loan book growth and strengthen its balance sheet?
- Could Neu Capital’s shortfall commitment signal potential for deeper strategic partnership or future funding rounds?