• Successful completion of A$200 million institutional placement
• Proceeds to fund acquisition of Latitude.sh and accelerated India network expansion
• Placement strongly supported by existing and new investors

Megaport Limited (ASX:MP1) has announced the successful completion of a A$200 million fully underwritten institutional placement. Approximately 14.0 million new fully paid ordinary shares were issued at a price of A$14.30 per share, representing a 6.5% discount to Megaport's last close price. The placement was strongly supported by both existing shareholders and new investors, with bids received for substantially more than the placement amount. The proceeds from the placement will contribute to funding Megaport's acquisition of Latitude.sh, a globally scalable Compute-as-a-Service platform, as well as the accelerated expansion of Megaport's network in India. Megaport's CEO, Michael Reid, stated that the acquisition of Latitude.sh and the network expansion in India will create an automated global software platform where networks and compute converge to connect critical workloads, positioning Megaport to scale and grow at the heart of the hybrid cloud and AI-driven future.