Acrow Formwork and Construction Services Limited ( (AU:ACF) ) has provided an announcement.

Acrow Limited has announced plans to issue up to 11,764,705 new ordinary fully paid shares under a securities purchase plan for existing shareholders. The offer, which has a record date of 17 June 2026 and is scheduled to close on 16 July 2026, will see the new securities issued on 23 July 2026, subject to ASX quotation requirements and standard listing rule conditions.

The capital raising via the securities purchase plan is aimed at strengthening Acrow’s funding position by tapping its shareholder base rather than relying solely on institutional placements or debt. The move may provide additional flexibility for the company to support ongoing operations or growth initiatives, while potentially diluting existing holdings for shareholders who choose not to participate in the offer.

The most recent analyst rating on (AU:ACF) stock is a Buy
with a A$1.25 price target.
To see the full list of analyst forecasts on Acrow Formwork and Construction Services Limited stock,
see the AU:ACF Stock Forecast page.