Catapult Sports Invites Shareholders to Boost Holdings in A$20M Share Purchase Plan
Catapult Sports has launched a Share Purchase Plan (SPP) offering eligible shareholders in Australia and New Zealand the chance to buy up to A$30,000 in shares at a discount, following a successful A$130 million institutional placement. The capital raise supports the recent acquisition of IMPECT GmbH and future strategic opportunities.
- SPP opens October 21, 2025, closes November 5, 2025
- Eligible shareholders can subscribe up to A$30,000 without brokerage fees
- SPP shares priced at A$6.68 or 2% discount to VWAP, whichever is lower
- Placement raised A$130 million completed October 14, 2025
- Proceeds to strengthen balance sheet and fund M&A, including IMPECT acquisition
Capital Raising Momentum
Catapult Sports Ltd (ASX – CAT), a leader in sports technology and analytics, has officially opened its Share Purchase Plan (SPP) to eligible shareholders in Australia and New Zealand. This initiative follows a robust A$130 million institutional placement completed just a week earlier, underscoring strong investor confidence in Catapult’s growth trajectory.
The SPP allows existing shareholders to subscribe for up to A$30,000 worth of new shares at a discounted price, without incurring brokerage or transaction costs. The offer price is set at the lower of A$6.68 per share, the placement price, or a 2% discount to the volume weighted average price (VWAP) over the five trading days leading up to the SPP closing date, expected on November 5, 2025.
Strategic Use of Funds
The capital raised through the SPP, targeting up to A$20 million, will bolster Catapult’s balance sheet and provide financial flexibility to pursue further strategic mergers and acquisitions. This follows the company’s recent acquisition of IMPECT GmbH, a German-based sports technology firm, for an upfront cash consideration of approximately US$46 million (€40 million). The acquisition aims to enhance Catapult’s product offerings and global footprint.
Catapult’s Executive Chairman, Dr Adir Shiffman, emphasized the importance of this capital raising, noting that the SPP is a key component of the company’s broader strategy to accelerate growth and innovation in the competitive sports analytics market.
Participation Details and Market Implications
Participation in the SPP is voluntary and limited to shareholders registered as of October 10, 2025, residing in Australia or New Zealand. The plan is not underwritten, and Catapult reserves the right to scale back applications if demand exceeds the targeted amount. Directors have expressed their intention to participate, signaling confidence in the company’s prospects.
Shares issued under the SPP will rank equally with existing shares, including voting and dividend rights, and are expected to commence trading on the ASX from November 13, 2025. Investors should be mindful of potential share price fluctuations between the offer and issue dates, which could affect the value of their investment.
Looking Ahead
With the SPP underway, Catapult is positioning itself to capitalize on emerging opportunities in sports technology, leveraging fresh capital to fuel innovation and expansion. The market will be watching closely to see how the company integrates IMPECT and whether further acquisitions materialize as part of its growth strategy.
Bottom Line?
Catapult’s latest capital raise and acquisition set the stage for accelerated growth, but investors should watch for subscription outcomes and integration progress.
Questions in the middle?
- Will the SPP reach or exceed its A$20 million target amid market volatility?
- How will the IMPECT acquisition impact Catapult’s product portfolio and revenue streams?
- What future M&A opportunities might Catapult pursue with its strengthened balance sheet?
