• Successful completion of A$130M (US$84M) institutional placement
• Proceeds to fund strategic acquisition of IMPECT GmbH and strengthen balance sheet
• Share Purchase Plan of up to A$20M also announced

Catapult Sports Ltd (ASX: CAT) has announced the successful completion of its fully underwritten A$130M (US$84M) institutional placement. The placement involved the issue of approximately 19.5 million new fully paid ordinary shares, equivalent to around 6.9% of Catapult's existing shares on issue. The placement was conducted at a fixed offer price of A$6.68 per share, representing a 7.7% discount to the last closing share price and an 8.6% discount to the 5-day volume weighted average price. The placement was well supported by both existing and new domestic and international institutional investors. Proceeds from the placement will be used to fund the strategic acquisition of IMPECT GmbH, a leading innovator in soccer analytics software, with the remaining funds used to strengthen Catapult's balance sheet and provide capacity for future strategic M&A opportunities. Catapult is also undertaking a non-underwritten Share Purchase Plan targeting to raise up to A$20M, which will be offered to eligible Australian and New Zealand shareholders, as well as US-resident directors of the company.