5G Networks launches capital raising for Webcentral acquisition – Motley Fool Australia

The 5G Networks Ltd(ASX: 5GN) share price is missing out on the market selloff on Friday.
This morning the data networks company requested a trading halt while it undertakes a capital raising.
What did 5G Networks announce?
5G Networks is attempting to raise $30 million via a non-underwritten institutional placement at $1.85 per share. This represents a 13.1% discount to its last close price of $2.13.
The proceeds will be used to provide the company with the balance sheet flexibility to pote…

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