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Smash repair business AMA Group launches $55m raise

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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.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.

 

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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.
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