InvestSMART

Parkd Ltd (ASX:PKD)

ALERT: Price-sensitive ASX Announcement for PKD
Current share price for PKD : $0.031 0.009 (40.91%)+
Announcement
Release
13 Apr 2026 10:00AM
Price at Release
$0.022
Full Release
download
Summary
Parkd Ltd announced a strategic investment by Azzurri Concrete Group, which subscribed for 4.9% of Parkd's issued capital by purchasing shares at $0.03 each, raising $220,000. This investment is a premium over the last closing price and supports Parkd's expansion strategy on Australia's east coast. Azzurri, a leading NSW concrete construction company, will help enhance Parkd's market position through its established contractor relationships and project pipeline. The collaboration focuses on leveraging Parkd's prefabricated construction solutions, especially for data centers and industrial sectors, aligning with Azzurri's expertise in concrete construction. The placement was facilitated by Blackpeak Capital and will aid in supporting Parkd's general working capital and expansion plans.
Key Points
  • Azzurri Concrete Group has subscribed for 4.9% of Parkd Ltd's capital through a strategic placement.
  • The placement raised $220,000 at $0.03 per share.
  • This investment represents a premium over the last closing price and 10-day VWAP.
  • Azzurri's investment strengthens Parkd's position in the NSW market.
  • Parkd's prefabricated construction solutions align with Azzurri's construction capabilities.
  • Azzurri's investment supports Parkd's east-coast expansion strategy.
  • The placement was managed by Blackpeak Capital.
  • Parkd's Penrith facility has a production capacity of 65,000m² per annum.
  • The strategic relationship leverages both companies' operations in NSW and QLD.
  • Parkd's modular construction technology is especially suited for data centers and industrial sectors.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.