Eroad launches $50m capital raise
Telematics company will use funds to repay debt and provide headroom for North America strategy.
Eroad has pushed the button on a capital raise.
Eroad is launching a $50 million capital raise, with net proceeds used to repay debt and provide headroom to pursue the company’s growth strategy in the North American market.
The equity raise will be structured as an institutional placement for approximately $11.6m, and a pro rata accelerated
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