Parkd Ltd turns to shareholders ahead of carpark milestone

Parkd expects to finish its first transportable carpark at City Subaru near the Swan River in Perth in the next month.

Australian dollar notes and coins
The company is raising funds from a rights offer.

Parkd Ltd (ASX:PKD) has launched a non-renouncement rights offer with the aim of raising $187,875.

The company, which expects to finish constructing its first transportable carpark in less than a month, is inviting shareholders to participate in the rights issue at an issue price of 1 cent.

Shareholders must be on the company’s register by next Tuesday.

READ: Parkd lays foundation for the rollout of transportable carparks

The offer entitles shareholders to purchase one option for every four shares held, with the differed settlement trading to start on August 20 before the August 24 issue date.

The company’s share price is sitting at 16 cents early afternoon after trading at up to 17.5 cents.

Quick facts: PARKD Ltd

Price: $0.07

Market: ASX
Market Cap: $5.34 m

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