DroneShield A$120m placement
DroneShield raised A$120m, mainly for AI research and development, inventory and possible bolt-on acquisitions.
- Company
- DroneShield
- Type
- Equity raise
- Status
- Completed
- Date
- 1 Aug 2024
- Value
- A$120m
- US$ equivalent
- US$79m
- Value basis
- About 104.3m new shares at A$1.15, fully underwritten
- Region
- Australia
- Segment
- Listed equity
Parties
- DroneShield issuer
Key terms
- Price
- A$1.15 a share
- Joint lead managers
- Bell Potter Securities, Macquarie Capital (Australia) and Shaw and Partners
- Use of proceeds
- AI R&D, committed and near-term inventory, and A$20m for bolt-on acquisitions
Sources
- DroneShield ASX release: successful completion of A$120m underwritten placement announcements.asx.com.au · 1 Aug 2024
Record DEF-INV-2024-0032. Investments are kept apart from the financings register and never counted in debt totals.
