Use of Funds
Net proceeds raised from the Placement and SPP are intended to be used to fund:
• Rapidly scaling the sales and marketing resourcing (team and inventory) to support current
momentum in the US, Europe and other locations as they emerge from COVID-19 slowdown
• Additional resourcing (including inventory) to support airport trials
• Scaling up of the Australian engineering team to support rapid refinement of products in response
to end user feedback
• Investment in long lead items for sale inventory to enable rapid sales and demonstrations
• Repayment of the $600,000 R&D Tax Incentive Loan (so DroneShield receives the full amount of
thr 2020 R&D Tax Incentive due in first half of 2021)
• General working capital.
Ann: Placement and Share Purchase Plan, page-2
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Last
$1.46 |
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Mkt cap ! $1.108B | |||
| Open | High | Low | Value | Volume |
| $1.47 | $1.53 | $1.36 | $20.36M | 14.10M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2084 | $1.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $1.46 | 38910 | 6 |
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| Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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Last
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Change
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| Open | High | Low | Volume | ||
| $1.47 | $1.53 | $1.36 | 3515186 | ||
| Last updated 15.59pm 17/06/2024 ? | |||||
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