Smart Parking unlocks escrowed shares as Peak Parking earn-out is fully met

Smart Parking Limited ( (AU:SPZ) ) has provided an announcement.

Smart Parking Limited, a listed parking technology and services provider, operates thousands of car park spaces worldwide using its proprietary Smart Cloud system and licence plate recognition technology, supported by offices in key international markets. The company focuses on delivering integrated smart parking solutions that enhance the parking experience for drivers and asset owners.

Smart Parking has announced the release from voluntary escrow of 9,725,307 shares issued as part of the consideration for its acquisition of U.S. operator Peak Parking LP, effective 2 March 2026. It also confirmed that Peak Parking has met its performance targets in full, triggering a US$4 million share-based earn-out to be issued by 31 March 2026 and locked up under a 12‑month escrow, further cementing the strategic importance of the U.S. acquisition and expanding the company’s equity base.

The most recent analyst rating on (AU:SPZ) stock is a Buy with a A$1.55 price target. To see the full list of analyst forecasts on Smart Parking Limited stock, see the AU:SPZ Stock Forecast page.

More about Smart Parking Limited

Smart Parking Limited is a technology innovator and services company in the parking industry, operating across Australia, New Zealand, Germany, Denmark, the United States and the UK. It manages thousands of car park spaces globally using its proprietary Smart Cloud platform integrated with ANPR/LPR and optional payment solutions, and has been listed on the ASX since 2011.

Average Trading Volume: 647,039

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$589.5M

For detailed information about SPZ stock, go to TipRanks’ Stock Analysis page.