Catapult’s A$130M Placement Priced at A$6.68 to Fund Strategic Acquisition

Capital Raise and Strategic Acquisition

Catapult Sports Ltd (ASX, CAT), a global leader in sports analytics technology, has successfully completed a fully underwritten institutional placement raising A$130 million. The placement was priced at A$6.68 per share, reflecting a modest discount of 7.7% to the last closing price, and will see approximately 19.5 million new shares issued, diluting existing shareholders by about 6.9%. This capital raise is designed primarily to fund the acquisition of IMPECT GmbH, a German-based innovator specializing in soccer analytics software for scouting and tactical analysis.

The acquisition of IMPECT is a strategic move that aligns with Catapult’s ambition to deepen its footprint in the lucrative soccer analytics market, a segment experiencing rapid growth due to increasing demand for data-driven performance insights. IMPECT’s technology is expected to complement Catapult’s existing offerings, potentially unlocking new revenue streams and enhancing the company’s competitive edge.

Share Purchase Plan to Engage Shareholders

Alongside the placement, Catapult announced a non-underwritten Share Purchase Plan (SPP) targeting up to A$20 million. This initiative invites eligible shareholders in Australia and New Zealand, as well as US-resident directors, to purchase up to A$30,000 worth of new shares at a price no higher than the placement price, with a slight discount possible based on market conditions at the time of the offer. The SPP is scheduled to open on October 21 and close on November 5, 2025.

The SPP provides an opportunity for existing shareholders to maintain or increase their stake in the company amid the dilution caused by the placement. Notably, all directors have expressed their intention to participate, signaling confidence in the company’s strategic direction.

Market Impact and Next Steps

Catapult shares are expected to resume trading on the ASX prior to market open on October 14, with placement shares settling on October 17 and commencing trading on October 20. The company has engaged Goldman Sachs Australia and Canaccord Genuity as joint lead managers and underwriters, underscoring the transaction’s significance.

While the placement price discount is typical for such capital raises, investors will be watching closely to see how the market responds to the acquisition’s potential to drive growth. The additional proceeds earmarked to strengthen the balance sheet also provide Catapult with flexibility to pursue further strategic mergers and acquisitions, a key element of its growth strategy.

Overall, this capital raising and acquisition represent a pivotal moment for Catapult as it seeks to consolidate its position as a leader in sports analytics technology, particularly within the global soccer market.