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Eroad institutional placement raises $11.6m

Two largest shareholders elect not to participate.

Eroad offers telematics software to commercial transport operators.

Will Mace Mon, 11 Sep 2023
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.

Eroad has completed the institutional entitlement offer portion of the $50 million capital raise it announced last week, with its two largest shareholders not participating.

The NZX and ASX-listed telematics business’ institutional placement was “strongly supported” by existing and new

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Will Mace Mon, 11 Sep 2023
Contact the Writer: william@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.

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Eroad institutional placement raises $11.6m
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