Domain name rollup CentralNic (London AIM: CNIC) is placing 40 million new ordinary shares tomorrow at £0.75 per share to raise £30 million.
The company will use the funds to complete its acquisition of Codewise for USD $36 million. Codewise caters to affiliate marketers with its zero click domain monetization business ZeroPark and ad tracking platform Voluum.
CentralNic has paid for other recent acquisitions with bond offerings. But its stock value has increased a lot, making payment by issuing new equity more favorably.
CentralNic Group Plc (LON:CNIC) provides registry services, distribution, and strategic consultancy for new TLDs, ccTLDs and SLDs.