Australia's Paragon Care Ltd. raised about A$25 million through the retail component of its previously announced 1-for-2.8 entitlement offer.
The medical equipment company sold 15,704,966 shares at 72.5 Australian cents each.
The shortfall of 18,778,957 shares will be settled by Bell Potter Securities Ltd. and Shaw & Partners Ltd., who acted as joint underwriters for the entitlement offer.
