Eidos Planning Share Issue

The company plans to raise more than $70 million dollars by offering its shareholders the option to buy into the new issue at a price substantially below currently value. Eidos holds that the issue is intended to raise funds to finance new development projects, but following the company’s recent financial woes a share issue could also help erase debt as Eidos looks to return to profitability in the coming year. The new issue will take place over the next two weeks.