Megaport (ASX:MP1) completed its non-underwritten share purchase plan, raising a total of AU$18.2 million and issuing about 1.4 million new shares to eligible shareholders at AU$13.06 apiece, according to a Thursday filing with the Australian bourse.
The share purchase plan follows the AU$200 million fully underwritten institutional placement disclosed in November, the filing said.
Proceeds will be used for general corporate and working capital purposes, per the filing.
Shares rose 1% in midday trade on Thursday.
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