Aston Martin rights issue under threat after share price crash
Aston Martin, the troubled UK car maker, was set to launch a rights issue process next week, but severe equity market volatility means that the company’s shares are now trading below the subscription price in the capital raise. Sources are now questioning whether a deal is viable.
As of early Thursday afternoon, Aston Martin’s share price has fallen to £2.05 below the £2.07 subscription price for the rights issue.The stock has sunk by 29% in a week as coronavirus fears battered markets, particularly companies that rely on global supply chains. The company’s stock has ...
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