Atturra Limited's Capital Raising Announcement

Atturra Limited (ASX: $ATA) has announced an underwritten 1 for 4 non-renounceable pro-rata entitlement offer to raise approximately $50 million at an issue price of $0.80 per share. The company intends to utilize the funds to optimize its balance sheet and fund future acquisitions and the cost of the offer.

Executive Commentary on Capital Raising

The capital raising initiative reflects our commitment to strengthening our financial position and pursuing strategic growth opportunities. The funds raised will support our technology and industry strategies, enabling us to invest in high-growth technologies, form valuable partnerships, and provide innovative solutions. Additionally, the capital will facilitate our advisory solutions for industries with high barriers to entry or those lacking a clear market leader.

Summary of Atturra's Capital Raising Announcement

Atturra Limited (ASX: $ATA) has announced an underwritten capital raising of approximately $50 million through a pro-rata entitlement offer. The company plans to utilize the funds to optimize its balance sheet, fund future acquisitions, and cover the cost of the offer. The Issue Price represents premiums and discounts to the last traded price, 5-day VWAP, and TERP. The capital raising will result in the issue of approximately 62.5 million fully paid ordinary shares. Atturra's ambitions include investing in high-growth technologies, forming strategic partnerships, and providing innovative solutions, as well as offering advisory solutions for industries with high barriers to entry or lacking clear market leaders. The company aims to strengthen its position in the market and pursue strategic growth opportunities.