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Recently, I stressed the utmost importance of Aston Martin Lagonda Global Holdings Plc (OTCPK:AMGDF; OTCPK:ARGGY) raising a significant amount of new capital, if the company is to survive. The carmaker's debt level has risen to unsustainable heights while at the same time it lacks profitability. And all that amid rather costly plans for future product launches. So all in all, Aston Martin's situation does not look too rosy as it is.
Now, it has found a savior, or so it seems. The company announced the issuance of new equity totaling GBP500 million.