Listed smash repairer AMA Group was passing around the hat for a cash injection of up to $60 million on Thursday afternoon, while its shares remained halted.
Street Talk understands AMA had stockbroker Canaccord Genuity working on the deal. But the size and pricing was yet to be finalised.
It comes as AMA’s shares have tumbled nearly 40 per cent this year. Its auditors have raised concerns about its ability to continue as a going concern. Earlier this month it downgraded its earnings guidance.has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.
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