Investors sell 7.23% stake in Fachowcy.pl Ventures

Investment funds Fulcrum FIZ and Mezzo Capital, shareholders of Fachowcy.pl Ventures, sold 10.2 million shares, representing 7.23 percent stake in an accelerated book building process for PLN 0.27 apiece. Investors planned to sell 14 million shares (9.93 percent stake) but the demand was lower. “The intention of the sellers is to reinvest the financial means generated by the sale. The board is currently focusing on optimizing all operating processes within the company to achieve profitability,” Fachowcy.pl said in a market filing. Fachowcy.pl Ventures in listed on the small-cap, alternative NewConnect market, it develops technologies to help attract new clients and online orders.