Electro Optic Systems Holdings (ASX:EOS) launched a share purchase plan initially capped at AU$25 million, according to a Monday filing with the Australian bourse.
The plan allows eligible shareholders to apply for up to AU$30,000 worth of new shares priced at AU$8 apiece, per the filing.
Proceeds will be used to fund the upfront consideration for its acquisition of autonomous vehicle technology firm MARSS.
Shares of Electro Optic Systems fell 3% in recent Monday trade.
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