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Cuscal Limited ( (AU:CCL) ) has shared an announcement.
Cuscal Limited has opened a share purchase plan for eligible shareholders in Australia and New Zealand following the completion of a A$30 million institutional placement. The plan aims to raise up to A$3 million, allowing eligible investors to apply for up to A$30,000 in new shares, which will be priced at the lower of A$4.00 or a 1.5% discount to the five-day volume-weighted average price and will rank equally with existing stock.
The offer, which is not underwritten, is scheduled to close on 6 May 2026, with allotment of new shares expected on 13 May 2026 and trading to commence the following day. The capital raising supports Cuscal’s ongoing positioning as a key payments infrastructure provider, offering existing investors an opportunity to participate on similar terms to institutional investors and potentially broadening its shareholder base.
The most recent analyst rating on (AU:CCL) stock is a Buy with a A$5.80 price target. To see the full list of analyst forecasts on Cuscal Limited stock, see the AU:CCL Stock Forecast page.
More about Cuscal Limited
Cuscal Limited is an Australian authorised deposit-taking institution that provides payment processing and regulated data services across all major payment types. Originating in 1966 to serve mutual banking organisations, it has since expanded through innovation and investment to become a significant non-major player in the Australian payments landscape.
Average Trading Volume: 541,580
Technical Sentiment Signal: Buy
Current Market Cap: A$860.1M
See more insights into CCL stock on TipRanks’ Stock Analysis page.