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Smart Parking Limited ( (AU:SPZ) ) has issued an update.
Smart Parking Limited has successfully completed a fully underwritten institutional placement, issuing 36.6 million shares at $0.88 each to raise equity. This move, along with a pro-rata accelerated non-renounceable entitlement offer, aims to bolster the company’s financial position and support its growth initiatives in the parking management sector.
More about Smart Parking Limited
Smart Parking Limited operates in the parking management industry, providing innovative parking solutions and services. The company focuses on enhancing parking efficiency and convenience through technology-driven products.
YTD Price Performance: 6.28%
Average Trading Volume: 30
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €205.9M
See more insights into SPZ stock on TipRanks’ Stock Analysis page.