Highlights

  • PaySauce plans a NZD 4 million capital raise through placement and SPP.
  • Proceeds will fund the company’s planned Australian market launch in February 2026.
  • New shares are priced at NZD 0.26, reflecting a discount to the prior close.

PaySauce Limited (NZX:PYS) has announced a capital raising of NZD 4 million aimed at supporting its planned expansion into the Australian market. The offer comprises a placement of approximately NZD 3 million to institutional and other investors, along with a NZD 1 million share purchase plan (SPP) available to eligible investors based in New Zealand.

The capital raising is being undertaken at a fixed issue price of NZD 0.26 per share. This represents a 7.1% discount to the company’s closing share price of NZD 0.28 recorded on 12 December 2025. Based on the offer structure, PaySauce may issue approximately 15.4 million new shares, which will rank equally with existing fully paid ordinary shares quoted on the NZX from the date of issue.

Funding Australia Expansion Plans
Funds raised through the offer are intended to support PaySauce’s scheduled entry into the Australian market in February 2026. The company has outlined that the expansion targets the micro-business segment, which forms a significant portion of the Australian market. In addition, the capital may also be applied toward potential bolt-on acquisitions as part of the broader growth strategy in the region.

The offer structure has been designed to increase the company’s shareholder base and improve trading liquidity over time. NZX has granted a trading halt to facilitate the placement, with PaySauce expecting to update the market on the outcome of the placement on 17 December 2025.

Share Purchase Plan Details
The SPP will open at 9.00am (NZST) on 17 December 2025 and close at 5.00pm (NZST) on 23 January 2026. The record date for determining eligibility is 15 December 2025. Under the SPP, eligible investors may apply for up to NZD 50,000 of new shares at the same issue price of NZD 0.26 per share, with no brokerage or transaction costs.

In the event of oversubscription, applications may be scaled at the company’s discretion, with preference given to shareholders on the record date. Further details of the SPP are expected to be released alongside additional NZX disclosures.

Minimum Holding and Share Sale Process
PaySauce has also confirmed a minimum holding requirement in line with its constitution and NZX Listing Rules. The minimum holding has been set at 1,786 shares, based on an average market price calculation as of 12 December 2025. Shareholders holding less than this amount directly on the company’s register may be subject to a power of sale process from 15 March 2026, unless they increase their holding through the SPP.

Share Price Snapshot
PYS was trading at NZD 0.280 per share as of 15 December 2025.