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Why the Splitit share price is zooming 20% higher today – Motley Fool Australia

The Splitit Ltd (ASX:SPT) share price is zooming higher after completing a $90 million placement that will be used to accelerate its growth…

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The Splitit Ltd(ASX: SPT) share price has returned from its trading halt and zoomed higher this morning.
In early trade the buy now pay later provider’s shares were up as much as 20% to $1.64.
Why was the Splitit share price in a trading halt?
The Afterpay Ltd(ASX: APT) rival requested a trading halt on Monday while it launched an equity raising.
This morning Splitit announced that it has received firm commitments to raise $90 million (before costs) in new equity. These funds will be raised …

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