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Smart Parking Limited ( (AU:SPZ) ) has shared an announcement.
Smart Parking Limited has announced a 1 for 24.35 pro rata accelerated non-renounceable entitlement offer, aiming to raise approximately $12.8 million. This capital raising initiative, underwritten by Canaccord Genuity (Australia) Limited, is part of the company’s strategy to bolster its financial position and expand its market presence, potentially impacting stakeholders positively by ensuring continued growth and operational enhancements.
More about Smart Parking Limited
Smart Parking Limited operates in the parking management industry, offering advanced parking solutions including hardware, software, and managed services. The company focuses on enhancing the efficiency and convenience of parking operations for businesses and municipalities.
YTD Price Performance: 11.22%
Average Trading Volume: 30
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €212.9M
See more insights into SPZ stock on TipRanks’ Stock Analysis page.
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