---
title: "Acrow Secures Full Underwriting for Securities Purchase Plan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290617614.md"
description: "Acrow Formwork and Construction Services Limited (AU:ACF) announced it has secured full underwriting support for its securities purchase plan. The company entered a variation agreement with underwriters to extend their obligations, enhancing funding certainty and bolstering capital-raising efforts. This update, lodged with the ASX on June 24, 2026, modifies earlier announcements from June 18. Analysts maintain a 'Buy' rating with an A$1.30 price target."
datetime: "2026-06-23T23:18:52.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290617614.md)
  - [en](https://longbridge.com/en/news/290617614.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290617614.md)
generator: "portal-rs"
---

# Acrow Secures Full Underwriting for Securities Purchase Plan

Acrow Formwork and Construction Services Limited ( (AU:ACF) ) just unveiled an announcement.

Acrow Limited has updated its proposed securities issuance under an existing securities purchase plan, confirming that the offer will proceed with full underwriting support. The company has entered into a variation agreement with the underwriters of its placement to extend their obligations to fully underwrite the securities purchase plan, enhancing certainty of funds and bolstering its capital-raising efforts.

The update, lodged with the ASX on 24 June 2026, modifies the earlier announcement from 18 June 2026 to reflect the expanded underwriting arrangements. By securing full underwriting for the plan, Acrow strengthens its financial position and provides greater assurance to investors and stakeholders regarding the successful completion of its capital management strategy.

The most recent analyst rating on (AU:ACF) stock is a Buy  
 with a A$1.30 price target.  
 To see the full list of analyst forecasts on Acrow Formwork and Construction Services Limited stock,  
 see the AU:ACF Stock Forecast page. 

**More about Acrow Formwork and Construction Services Limited**

Acrow Limited operates in the construction services sector, focusing on formwork and related construction solutions for infrastructure and building projects. The company serves contractors and developers, providing specialised equipment and services that support large-scale construction activities in its core markets.

**Average Trading Volume:** 534,601

**Technical Sentiment Signal:** Buy

**Current Market Cap:** A$296.6M

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**