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Catapult Group International ( (AU:CAT) ) has issued an announcement.
Catapult Sports Ltd has announced a share purchase plan (SPP) for eligible shareholders, allowing them to acquire up to A$30,000 worth of new shares without brokerage fees. This initiative is part of a broader capital raising effort, which includes a recent A$130 million placement to institutional investors. The funds raised will support the acquisition of IMPECT GmbH and strengthen Catapult’s balance sheet, enabling future strategic mergers and acquisitions. The SPP aims to raise up to A$20 million, with the potential for oversubscriptions, and is open to shareholders in Australia and New Zealand.
The most recent analyst rating on (AU:CAT) stock is a Buy with a A$8.50 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, trading as Catapult Sports Ltd, operates in the sports technology industry, providing analytics and performance tracking solutions. The company focuses on enhancing athletic performance through data-driven insights, catering to sports teams and athletes globally.
Average Trading Volume: 1,578,515
Technical Sentiment Signal: Buy
Current Market Cap: A$2.01B
For detailed information about CAT stock, go to TipRanks’ Stock Analysis page.