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Hunter’s Corner
6 mins to read

Eroad’s awkward $50m capital raise

ANALYSIS: Listed tech company’s deeply discounted rights issue looks weird, as does its rejection by takeover bidder Volaris, but there may be a simple explanation.

Telematics company Eroad’s US growth ambitions are costly.

Tim Hunter Fri, 15 Sep 2023

If we could speculate on how a certain overseas bidder was feeling right now, perhaps it would be like a diner on a first date who has returned from the restroom to find the object of desire has done a runner leaving a large bill for champers and crayfish.

Poor Volaris. It took the trouble to spend

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Tim Hunter Fri, 15 Sep 2023
Contact the Writer: thunter@nbr.co.nz
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Eroad’s awkward $50m capital raise
Hunter’s Corner,
100848
true