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Nearmap (ASX:NEA) share price halted for $90 million capital raising – Motley Fool Australia
The Nearmap Ltd (ASX:NEA) share price is in a trading halt on Thursday whilst it undertakes a $90 million capital raising to fuel its growth…
The Nearmap Ltd(ASX: NEA) share price won’t be taking part in the tech rebound on Thursday after it requested a trading halt.
Why is the Nearmap share price in a trading halt?
This morning Nearmap requested a trading halt whilst it undertakes a capital raising.
According to the release, the company has launched a fully underwritten institutional placement to raise a minimum of $70 million and a non-underwritten share purchase plan aiming to raise a further $20 million.
The pricing of the pla…
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