Just raised $6M plus have a $2M finance facility.
Note 28. Events subsequent to reporting date
Raiden entered into At-the -Market Finance Facility providing the Company with Standby equity capital of up to $2 million over a 3 year term, with Raiden retaining full control over all aspects whether and when it could utilise the facility.
On 29 August 2023, Raiden announced that it had received a firm commitment from sophisticated, professional, and institutional investors to raise $6 million via a share placement of 272,727,273 fully paid ordinary shares at issue price of $0.022 per share. The Company had initially sought to raise $5 million, but due to strong interest it has elected to accept oversubscriptions to an additional $1 million (with subscription amount subject to shareholder approval). The tranche 1 placement for $5 million was completed on 6 September 2023.
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Open | High | Low | Value | Volume |
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7 | 883830 | 0.045 |
20 | 2335251 | 0.044 |
11 | 1260502 | 0.043 |
6 | 852619 | 0.042 |
Price($) | Vol. | No. |
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0.048 | 2729371 | 8 |
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