Smash repair business AMA Group launches $55m raise; Canaccord drafted

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Shares were priced at 7.5¢, a 35 per cent discount to the last close price.

AMA’s shares have tumbled nearly 40 per cent this year. Its auditors have raised concerns about its ability to continue as a going concern.

This latest fundraising comes despite the board insisting 12 months earlier that more capital was not required at AMA, which has almost 130 shops under brands including Gemini.

 

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