DroneShield A$70m placement
Counter-drone maker DroneShield raised about A$70m to build inventory for its sales pipeline after turning profitable in 2023.
- Company
- DroneShield
- Type
- Equity raise
- Status
- Completed
- Date
- 18 Apr 2024
- Value
- A$70m
- US$ equivalent
- US$46m
- Value basis
- About A$70m fully underwritten placement at A$0.80 a share (28.6% discount), plus a share purchase plan of up to A$5m
- Region
- Australia
- Segment
- Listed equity
Parties
- DroneShield issuer
Key terms
- Price
- A$0.80 a share
- Joint lead managers
- Bell Potter Securities and Shaw and Partners
- Use of proceeds
- Inventory build-up for the customer pipeline
Sources
- DroneShield ASX release: A$70m fully underwritten placement and up to A$5m SPP announcements.asx.com.au · 18 Apr 2024
Record DEF-INV-2024-0031. Investments are kept apart from the financings register and never counted in debt totals.
