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Pacific Smiles: Raises $15M for dental centre rollout

March 4, 2021

Dental centre operator Pacific Smiles (PSQ) has successfully completed its $15 million placement
Roughly 5.8 million new shares issued at $2.60, representing a 9.4 per cent discount to the company’s five-day volume-weighted average price
Shares expected to issued on March 9 and begin trading on the ASX on March 10
Pacific Smiles also announced it would undertaking a share purchase plan to raise an additional $5 million
Eligible shareholders will able to subscribe for up to $30,000 worth of shares, which will priced the same as the placement of $2.60
Pacific Smiles will use the money from both the placement and share purchase plan to speed-up the rollout of its dental centres and focus on growth