Automotive wheel maker Carbon Revolution has repriced its equity raising.
Shares will now be sold at $1.50 each to raise $25m through a placement.
The revised price equates to a 40.2 per cent discount to the last
closing share price of $2.51.
On Monday, Carbon Revolution revealed it was braving the difficult
market conditions and raising $30m via a placement and share purchase
plan at $2.10 per share.
Bell Potter and E&P Corporate Advisory are working on the transaction.
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