ERoad seeks $50m in deeply discounted offer

ERoad seeks $50m in deeply discounted offer
ERoad chair Susan Paterson is fronting the discounted $50m capital raise. (Image: Supplied)
Pattrick Smellie
Dual-listed electronic truck fleet monitoring firm ERoad seeks $50 million in new equity through a deeply discounted 2.06-for-one offer to existing shareholders.Having apparently beaten off a takeover attempt by Canadian investor Constellation Software in July, ERoad is offering shares at 70 cents each, a 49.6% discount to yesterday’s closing price of $1.39 and a 37.7% discount to the theoretical ex-rights price (TERP) of $1.12. ERoad shares are now in a trading halt while the bookbuild takes place.'Repay debt'...

More Markets

NZ sharemarket starts week up 0.6%
Markets Market Close

NZ sharemarket starts week up 0.6%

The S&P/NZX 50 Index closed at 13,449.85, up 80.45 points or 0.6%.

Graham Skellern 24 Nov 2025
Kiwi Property Group's interim profit lower as write-downs bite
Economy

Kiwi Property Group's interim profit lower as write-downs bite

The property company reiterates its full-year dividend views.

Andy Macdonald 24 Nov 2025
Gentrack in the hunt for 10 new customers
Markets

Gentrack in the hunt for 10 new customers

Shares climb more than 14% on hopes of at least three or four new customers.  

Another solar farm gets the nod from Genesis
Markets

Another solar farm gets the nod from Genesis

Genesis Energy has approved the construction of the Edgecumbe Solar Farm in the Bay of Plenty, marking its second major solar commitment in as many months.The company made a final investment decision (FID) on the 136 megawatt peak (MWp) farm, clearing the way for work to begin sh...

Ian Llewellyn 24 Nov 2025