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The latest announcement is out from Evolve Education Group Ltd ( (AU:EVO) ).
Embark Early Education Limited has successfully raised $12 million through a placement to professional and sophisticated investors at a price of $0.60 per share, representing a discount to recent trading prices. The funds will be used to support a takeover bid for Mayfield Childcare Limited and cover transaction costs, with strong backing from existing and new investors, enhancing Embark’s strategic positioning in the childcare industry.
The most recent analyst rating on (AU:EVO) stock is a Buy with a A$1.09 price target. To see the full list of analyst forecasts on Evolve Education Group Ltd stock, see the AU:EVO Stock Forecast page.
More about Evolve Education Group Ltd
Embark Early Education Limited operates in the early education sector, focusing on providing educational services and childcare solutions. The company is involved in the acquisition and management of childcare centers, aiming to expand its market presence and enhance its service offerings.
Average Trading Volume: 413,318
Technical Sentiment Signal: Sell
Current Market Cap: A$116.5M
For a thorough assessment of EVO stock, go to TipRanks’ Stock Analysis page.