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The latest announcement is out from Catapult Group International ( (AU:CAT) ).
Catapult Group International has successfully completed a fully underwritten institutional placement, raising A$130 million. The proceeds will be used to acquire IMPECT GmbH, a leader in soccer analytics software, and to strengthen Catapult’s balance sheet for future strategic opportunities. The placement saw strong demand from both domestic and international investors. Additionally, Catapult is launching a Share Purchase Plan to raise up to A$20 million, offering eligible shareholders in Australia and New Zealand the chance to purchase new shares at a discounted price.
The most recent analyst rating on (AU:CAT) stock is a Buy with a A$7.90 price target. To see the full list of analyst forecasts on Catapult Group International stock, see the AU:CAT Stock Forecast page.
More about Catapult Group International
Catapult Group International is a company operating in the sports technology industry, primarily offering products and services related to athlete tracking and analytics. The company focuses on providing innovative solutions for sports teams and organizations to enhance performance and strategy through data-driven insights.
Average Trading Volume: 1,451,305
Technical Sentiment Signal: Buy
Current Market Cap: A$2B
For an in-depth examination of CAT stock, go to TipRanks’ Overview page.