Vending Technologies' $7.5 million share offer has closed fully subscribed.
The company offered $2 million of existing shares and $5.5 million of new shares at $1 each to finance its programme of rapid expansion.
Lead broker Craig & Co said the offer had received strong support from retail investors in a difficult market.
Shareholder allotments will be made on Tuesday with trading on the Stock Exchange beginning on Wednesday.
Vending Technologies' intelligent food and drink-vending machines can sell hot and cold products and are fitted with proprietary software that enables remote monitoring of machine and merchandising performance. The company operated 419 vending machines at the end of March and plans to have more than 4700 machines in Australia and New Zealand within 18 months.
Vending Tech's offer full
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