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
$2.46 |
Change
-0.100(3.91%) |
Mkt cap ! $2.151B | |||
| Open | High | Low | Value | Volume |
| $2.51 | $2.60 | $2.42 | $54.23M | 21.75M |
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|---|---|---|
| 5 | 97330 | $2.46 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.47 | 25000 | 1 |
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