News Formal

Smash repair business AMA Group launches $55m raise

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 90%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

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.The raise comes amid a trifecta of small-cap industrial deals on the ASX on Thursday. Cannacord won all three roles, acting on a

and a $50 million raise for fleet management solutions company Eroad. Dual-listed Eroad was raising at NZ70¢ a share, a 50 per cent to the last close.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Smash repair business AMA Group launches $55m raise; Canaccord draftedShares were priced at 7.5¢, a 35 per cent discount to the last close price.
Source: FinancialReview - 🏆 2. / 90 Read more »