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The latest announcement is out from EBOS Group Limited ( (AU:EBO) ).
EBOS Group Limited announced that its retail offer, initially set to raise up to A$50 million, has closed oversubscribed, with applications totaling approximately A$54 million. In response to the strong demand from retail shareholders, EBOS decided to increase the offer size to accommodate all valid applications, resulting in the issuance of approximately 1.6 million new shares. This retail offer is part of a larger equity raising initiative aimed at funding acquisitions and enhancing balance sheet capacity, reflecting EBOS’s strategic growth and strengthening its market position.
More about EBOS Group Limited
EBOS Group Limited is the largest and most diversified Australasian marketer, wholesaler, and distributor of healthcare, medical, and pharmaceutical products. It is also a leading brand owner, product marketer, and distributor in the animal care sector across Australasia.
Average Trading Volume: 60,734
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$7.22B
For an in-depth examination of EBO stock, go to TipRanks’ Stock Analysis page.