Count Raises Additional Capital via Oversubscribed Share Purchase Plan to Fund Oracle Group Acquisition

Countplus Limited ( (AU:CUP) ) just unveiled an announcement.

Count Limited has completed an oversubscribed share purchase plan offered at A$1.05 per share to eligible shareholders, receiving valid applications of about A$7.6 million against an initial A$5 million target. In response to strong demand, the company increased the size of the offer and will issue 7,283,493 new shares, which are scheduled to begin trading on 8 May 2026.

Together with A$35.9 million raised from a recent institutional placement, the SPP proceeds will help fund Count’s acquisition of the Oracle Group’s accounting and investment management businesses. The capital raising underpins Count’s expansion strategy, signaling a significant step in consolidating its position in the financial advisory and accounting market and potentially enhancing scale and services for its clients and shareholders.

The most recent analyst rating on (AU:CUP) stock is a Buy with a A$1.65 price target. To see the full list of analyst forecasts on Countplus Limited stock, see the AU:CUP Stock Forecast page.

More about Countplus Limited

Count Limited is an Australian financial services company listed on the ASX that provides accounting, wealth management and advisory services. The group focuses on serving retail and business clients through a network-based model, and is pursuing growth via acquisitions to expand its national footprint and service capabilities.

Average Trading Volume: 117,108

Technical Sentiment Signal: Buy

Current Market Cap: A$237.8M

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