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The latest announcement is out from Catapult Group International ( (AU:CAT) ).
Catapult Sports Ltd has successfully completed its Share Purchase Plan (SPP), part of an equity raising initiative to support its acquisition of IMPECT GmbH. The SPP raised approximately A$13.3 million, contributing to a total of A$143.3 million from the overall equity raising. The funds will be used to strengthen Catapult’s balance sheet and pursue future strategic mergers and acquisitions, reinforcing its market position and providing growth opportunities.
The most recent analyst rating on (AU:CAT) stock is a Buy with a A$8.05 price target. To see the full list of analyst forecasts on Catapult Group International stock, see the AU:CAT Stock Forecast page.
More about Catapult Group International
Catapult Sports Ltd is a global leader in sports technology solutions, operating at the intersection of sports science and analytics. The company’s products are designed to optimize athlete performance, prevent injuries, and enhance return-to-play strategies. Catapult collaborates with over 4,600 teams across more than 40 sports in over 100 countries worldwide.
Average Trading Volume: 1,718,477
Technical Sentiment Signal: Buy
Current Market Cap: A$1.81B
Learn more about CAT stock on TipRanks’ Stock Analysis page.