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Smart Parking Accelerates US Entry with Peak Parking Buy and $45M Capital Raise
9:23am on Monday 17th of February, 2025 AEDT
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Technology
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Smart Parking Accelerates US Entry with Peak Parking Buy and $45M Capital Raise
9:23am on Monday 17th of February, 2025 AEDT
Key Points
20% revenue growth and 70% EPS increase in H1 FY25
Acquisition of Peak Parking LP for up to USD 36 million
Equity raise of A$45 million fully underwritten by Canaccord Genuity
Entry into the US market with 134 parking locations across six states
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