Kogan.com Limited (ASX:KGN) shared its intentions to undertake a fully underwritten placement of A$100 million where each share is offered at A$11.45. Post the completion of the placement, KGN would also conduct a non-underwritten share purchase plan (SPP) offer to existing eligible shareholders to raise A$15 million.
The proceeds from the capital raising would provide financial flexibility to act promptly on future value accretive prospects that expand the Company’s offering, grow its customer base or improve its operating model.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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