Parkd Completes Placement & Strategic Partnership Agreement
Key points
- Binding commitments received for an A$800,000 strategic placement at a premium.
- Signed Strategic Partnership Agreement with Symal Group.
- Symal becomes exclusive strategic partner in Victoria and South Australia.
Full summary
Parkd Ltd has completed a strategic placement raising A$800,000, corner-stoned by Symal Group, an existing strategic partner, and a new domestic institutional investor. The placement is priced at A$0.035 per share, a 16.7% premium to the last close. Parkd has also signed a Strategic Partnership Agreement with Symal Group, appointing them as its exclusive strategic partner in Victoria and South Australia. The agreement provides a framework for the companies to collaborate on suitable projects using Parkd's prefabricated structural systems, including industrial, data centre, and multi-level infrastructure opportunities.
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