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Catapult Group International ( (AU:CAT) ) just unveiled an announcement.
Catapult Sports Ltd has announced the opening of its Share Purchase Plan (SPP) as part of a broader capital raising initiative. This plan allows eligible shareholders in Australia and New Zealand to purchase up to A$30,000 worth of new shares without transaction costs, aiming to raise up to A$20M. The funds will be used to strengthen the company’s balance sheet and support future strategic mergers and acquisitions. The SPP follows a successful placement that raised A$130M from institutional investors, and the new shares will be offered at a price lower than the recent placement price or a 2% discount to the average trading price, whichever is lower.
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, operating under the name Catapult Sports Ltd, is a company in the sports technology industry. It specializes in providing advanced analytics and performance tracking solutions for athletes and sports teams, focusing on enhancing athletic performance and optimizing team strategies.
Average Trading Volume: 1,578,515
Technical Sentiment Signal: Buy
Current Market Cap: A$2.01B
Find detailed analytics on CAT stock on TipRanks’ Stock Analysis page.