- GUD Holdings (GUD) has successfully raised $55 million through a placement to institutional investors
- The ASX 200-listed stock entered a trading halt ahead of the raise which is funding the $70 million acquisition of AMA Group’s ACAD business
- A total of 4.9 million new shares have issued at $11.25 – representing a 4.9 percent discount to GUD’s last traded share price on November 18
- Additionally, GUD is launching a share purchase plan (SPP) to raise another $15 million
- Eligible shareholders may subscribe for up to $30,000 worth of new securities
- At market close, GUD was trading a slight 0.17 percent higher for $11.85
GUD Holdings: Completes $55M institutional placement
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