Smart Parking (ASX:SPZ) raised roughly AU$5 million via the retail component of its 1-for-24.35 pro-rata accelerated non-renounceable entitlement offer, according to a Wednesday filing with the Australian bourse.
Of this amount, AU$1.2 million are from eligible retail shareholders, while the remaining AU$3.8 million are from Canaccord Genuity as underwriter.
Around 4.3 million new shares will be issued at a price of AU$0.88 each.
Proceeds, along with funds pooled from the institutional equity raising, were partly used to acquire Texas-based Peak Parking, the filing said.
Smart Parking's shares were down past 4% in recent Wednesday trade.
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