Stock news Electro Optic Systems
Electro Optic Systems (ASX: EOS) has formally applied for the quotation of 18,750,000 new fully paid ordinary shares on the Australian Securities Exchange, effective May 22, 2026. This application follows the settlement of the company's $150 million institutional placement, which was conducted at a price of $8.00 per share. The issuance expands the company's listed capital base to facilitate the acquisition of the MARSS Group and provide additional working capital for strategic growth initiatives. The new securities are expected to commence normal trading on May 25, 2026. Following the announcement, the stock experienced a 10.32% decline as the market adjusted to the increased share supply and the placement discount.