How Will PARKD’s $0.78M Placement and Share Plan Fuel Its Modular Car Park Vision?

Placement Completion and Capital Raise

PARKD Limited (ASX, PKD), a specialist in modular building solutions, has successfully completed the first tranche of its two-part capital raising initiative. The company issued over 20 million new shares at 3 cents each, raising approximately $607,604 before costs. This tranche was executed under the company’s existing placement capacities as per ASX Listing Rules 7.1 and 7.1A.

The placement is part of a broader $0.78 million capital raise designed to support PARKD’s ongoing development and commercialisation of its innovative lightweight concrete modular car park system. This technology allows for adaptable, relocatable car parking structures, a niche with promising commercial and industrial applications.

Next Steps, Shareholder Approval and Share Purchase Plan

The second tranche of the placement, expected to raise an additional $172,500, is contingent on shareholder approval at a general meeting scheduled for early November. This step underscores the company’s commitment to maintaining transparency and shareholder engagement in its funding strategy.

In parallel, PARKD has launched a Share Purchase Plan (SPP) offering existing eligible shareholders the opportunity to purchase additional shares at the same price of $0.03 per share. Shareholders can subscribe for up to $30,000 worth of shares, with the SPP opening on 30 September and closing on 10 October 2025. The company anticipates issuing new shares under the SPP by mid-October, subject to regulatory compliance and timing adjustments.

Regulatory Compliance and Market Implications

Alongside the placement, PARKD issued a cleansing notice confirming compliance with the Corporations Act disclosure exemptions, ensuring the new shares can be traded without restrictions. This regulatory adherence is crucial for maintaining investor confidence and market integrity.

With the capital raise, PARKD aims to bolster its position in the building solutions sector, leveraging its proprietary PARKD Car Park Structural System. The fresh funds are expected to accelerate product development and market penetration, potentially enhancing shareholder value if executed effectively.