What do you make of this ASX : C. Listing Rule 3.1, which requires a listed entity to immediately give ASX any information concerning it that a reasonable person would expect to have a material effect on the price or value of the entity’s securities.
Thinking...Closing the SPP early not good for ones missing out and the offering, was over subscribed anyway so extra 3 to4 days open would not matter. Then do the scale-back on the over subcription.
Peter James Number acquired: 15,323 (via SPP)
NOW Holds 935.3Mill units / shares ..Solid Holding.
Investor Relations — DroneShield Ltd (ASX:DRO) — Droneshield
Chart: left to right direction, Good
SPP substantially exceeded the maximum capped raising amount of $15 million set by the Company, with DroneShield receiving total applications for fully paid ordinary shares (Shares) for $40 million
The initial Plan: (The capital Raising has exceeded DOR wildest expectations)
18 April 2024 ASX RELEASE $70m Fully Underwritten Placement and up to $5m SPP
Net proceeds raised from the Placement and SPP will be used to build up inventory to support DroneShield’s strong pipeline of high-quality customer opportunities as well as the scaling of the engineering team to accelerate development of in-house artificial intelligence (AI) and machine learning (ML) engines and capabilities for enhanced detection, identification and response of drone threats
- Net Profit Margin expected to be Strong
