L1 Global Long Short Fund Raises AU$415 Million via Entitlement, Shortfall Offer

MT Newswires Live

Dec 22, 2025

L1 Global Long Short Fund (ASX:GLS) completed its pro-rata non-renounceable entitlement offer and shortfall offer, raising about AU$415 million at AU$1.63 apiece, according to a Monday filing with the Australian bourse.

The company is also undertaking an institutional placement for around AU$62 million, with the total raised under both the offer and the placement amounting to about AU$477 million, the filing said.

Proceeds will be invested in accordance with the company's strategy, per the filing.

Shares rose 1% in morning trade on Monday.

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