According to the filing, Brazilian fintech company Meliuz (Cash3) is planning to raise R180 million ($32.4 million) through its share offering.
The funds are specifically allocated for Bitcoin purchases, in line with the company's recent strategic shift in incorporating Bitcoin into its balance sheet.
The price of R7.06 per share ($1.27) was about 5% less than Meliuz's R7.43 closing price on Thursday. Stocks have fallen more than 5% in today's trading.
According to submissions, BTG Pactual served as the book rant of the deal.
Earlier this year, Meliuz announced it plans to raise $78 million in shares to become the “first Bitcoin financing company” in Brazil.
According to the presentation, the fintech company, known as “Brazil's third fastest growing shopping app,” boasts approximately 41 million loyal users as of the first quarter of this year. According to TradingView data, the company currently has a market capitalization of R647.08m ($116.5m).
