Electro Optic Systems Holdings Limited (ASX:EOS) completes $134 million institutional placement of new fully paid ordinary shares, which was fully underwritten by Citigroup Global Markets Australia Pty Limited.
- The Company issued 28,269,553 of new shares at an offer price of $4.75 per share to enhance liquidity and continue to fund ongoing growth initiatives and working capital requirements.
- The settlement of the placement is anticipated to complete on 20 April 2020, while EOS would issue the new shares on 21 April 2020; and,
- EOS would also seek a separate offer of New Shares under a share purchase plan (SPP) to existing eligible shareholders in the Company.
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