Nanosonics' Share Purchase Plan

Nanosonics has announced a capital raising but with the stock up more than 120% since we bought in, we're not interested.

Nanosonics has announced a small $3.0m capital raising to fund its overseas expansion following the completion of a $25m placement with institutional investors. The share purchase plan closes on 30 March and entitles existing shareholders to subscribe for up to $15,000 worth of shares at $1.65 each. Should the offer be oversubscribed, the company will allocate shares on a ‘first come, first served’ basis.

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