- Nearmap (NEA) looks set to raise even more capital after it opened its $20M share purchase plan (SPP) to eligible shareholders
- The company hopes the SPP will bring in an additional $20 M in capital, which it plans to put towards accelerating its growth strategy
- Then the digital mapping company recently netted over $70 million via an institutional placement to investors
- Under the SPP, shareholders are invited to subscribe for $30,000 worth of new shares — priced at $2.77 each
- The plan isn’t underwritten and at this stage is expected to close at the end of day on Monday, October 5
- Shares in NEA are trading down 1.62 per cent at $2.43 each
