Eroad completes raise with 20m shares going to sub-underwriters
The $50m capital raising was underwritten by Goldman Sachs and Cannacord Genuity.
Eroad has completed its capital raise.
Eroad has completed the retail shortfall bookbuild component of its 1 for 2.06 accelerated pro-rata renounceable entitlement offer, with 20.3 million new shares not taken up going to sub-underwriters of the offer at the issue price of 70 cents per share.
The offer was underwritten by Goldman Sachs
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