The Catapult Sports Ltd (ASX: CAT) share price has entered a trading halt as the company prepares to announce a major acquisition, alongside plans for an underwritten institutional placement and a share purchase plan.
What did Catapult Sports report?
- Trading in Catapult Sports shares is temporarily halted on ASX.
- The company is preparing to announce an acquisition.
- Equity raising will occur via an underwritten institutional placement and share purchase plan.
- Trading halt expected to end upon announcement or market open on 15 October 2025.
What else do investors need to know?
Catapult Sports requested the trading halt in line with ASX Listing Rule 17.1. The company states it isn't aware of any other reasons the halt shouldn't be granted. More details on the acquisition and capital raising will be released soon.
Investors should expect an official market update from Catapult on or before 15 October. This will outline the acquisition terms and funding arrangements in detail.
What's next for Catapult Sports?
The focus now turns to the details of Catapult's upcoming acquisition and the equity raising structure. These actions could shape the company's growth strategy and international ambitions.
Once the announcement is released, investors will have more clarity on how this transaction may impact Catapult's balance sheet and future plans.
Catapult Sports share price snapshot
Catapult sports shares have soared 204% over the past year, far outpacing the S&P/ASX 200 Index (ASX: XJO) which has risen 9% over the same period.
