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Capital Raises Weekly Wrap - 06/09/2021

Capital Raising Wrap

Capital Raises Weekly Wrap - 06/09/2021

This past week we have seen an activity spike in the capital raising space with 19 placements occurring and an additional 10 companies still remain in a trading halt this morning seeking to raise capital.

Placement Overview

*Placements are limited to those which left a trading halt between 06/09 and 10/09.

Aussie Broadband Limited (ASX:ABB) raised $114m via placement with funds to be used to support acquisitive growth by M&A, new business products and technology development, and/or increase technology development to improve network efficiency and fund the growth of fibre and network assets. The issue price of $4.0 represented a 13.6% on the last close price and a 2.6% discount on the previous 10 day VWAP.

Greenwing Resources Limited (ASX:GW1) raised $6.15m via placement with funds to be used to support lithium exploration, graphite exploration, advanced materials research and working capital. The issue price of $$0.24 represented a 22.6% on the last close price and a 16.8% discount on the previous 5 day VWAP.

Strategic Energy Resources Limited (ASX:SER) raised $1.32m via placement with funds to be used to drill the Achilles 1 prospect at South Cobar, the Lorraine North prospect at Isa North as well as working capital. The issue price of $0.044 represented a 12% on the last close price.

Sector Breakdown

For a more detailed look at how the ASX sectors are performing check out: https://www.freshequities.com/ASX/sectors 

90 Days Post Placement Performance

Looking back 90 days to see how placements have performed post placement takes us back to the first week of May.

Top performing:

Worst performing:

Check out our Past Capital Raises page for more information on past transactions.

Fresh Equities connects investors with listed companies raising capital

We provide comprehensive access to listed capital raises for institutional, family office and high net worth investors.

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