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Briefs: Sezzle investors back restructure, humm prices ABS

26 April 2023 4:05AM
Sezzle shareholders have voted in favour of the company’s proposal to restructure its stock to meet Nasdaq listing requirements. Last month, Sezzle announced that it would list its shares on Nasdaq. The US company was listed on the Australian Securities Exchange in July 2019 and plans to continue trading on the ASX, but it said listing on Nasdaq would improve liquidity and promote US investor interest. The “reverse stock split” will see shareholdings consolidated by as much as 50 current shares into one share. humm group has placed A$427 million of asset-backed securities, supported by receivables originated by flexicommercial business. humm said it upsized the transaction from its launch value of $350 million. The $81 million of A1 notes were priced at a margin of 125 basis points over the one-month bank bill swap rate and the $224 million of A2 notes were priced at a margin of 180 bps. The B through to F notes were priced in a range from 350 bps to 890 bps.

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