Nick Scali completed a $46 million institutional placement, issuing 3.5 million new shares at $13.25 each.
The move supports the acquisition of Fabb Furniture and entry into the UK market.
Additionally, a $4 million conditional placement is planned for CEO Anthony Scali, pending shareholder approval.
Eligible shareholders in Australia or New Zealand can participate in a share purchase plan to buy up to $30,000 worth of shares at the same price.