Robotic firm FBR Limited raised $12.5M through an institutional placement for upcoming milestones.
Robotic firm FBR Limited raised $12.5M through an institutional placement, issuing 328.9M shares at $0.038 each. The funds will support upcoming milestones, including the 10-home Demonstration Program in the US, and potentially a US joint venture with CRH Ventures. The share price dropped 19% post-placement but has risen 100% since last year.
August 05, 2024
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