NextDC has netted some A$9.93 million following the completion of its 2012 share purchase plan. The A$9.93 million will complement the A$41.39 million raised in the company’s April placement to give the company A $51.32 million war chest.
According to an ASX statement NextDC will use the newly acquired funds to accelerate the fit out of a number of its data centres as well as for additional working capital and potential acquisitions. With the capital raising the company now has more than A$200 million of equity and approximately A$80 million in cash. In March NextDC announced it would move to reduce the carbon footprint of its data centres through adopting photovoltaic technology to power its M1 data centre, based in Port Melbourne.