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.
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Last
$2.56 |
Change
0.280(12.3%) |
Mkt cap ! $2.239B | |||
| Open | High | Low | Value | Volume |
| $2.36 | $2.56 | $2.25 | $66.81M | 27.33M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 10456 | $2.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.56 | 390 | 1 |
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| Last trade - 16.19pm 01/07/2025 (20 minute delay) ? |
| DRO (ASX) Chart |