Cooks Coffee has successfully raised capital through a placement, issuing 4.74 million new shares at a price of 20 cents each.
The placement was conducted to address the company's shortfall in a capital raise.
Cooks Coffee now has a total of 63.53 million quoted ordinary voting shares and 1.21 million unquoted non-voting shares on issue.
The company invited selected investors in New Zealand or the United Kingdom to participate in the share shortfall.
This invitation was extended to investors who were already known to Cooks Coffee, as well as those who expressed interest.
Due to the significant extent of the shortfall, no allocations needed to be scaled.
Retail shareholders of Cooks Coffee were also given the opportunity to subscribe in the share purchase plan offer at the same price.
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