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.
Use of FundsNet proceeds raised from the Placement and SPP are...
-
- There are more pages in this discussion • 199 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add DRO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.17 |
Change
0.005(0.43%) |
Mkt cap ! $1.020B | |||
| Open | High | Low | Value | Volume |
| $1.17 | $1.21 | $1.16 | $12.85M | 10.85M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14159 | $1.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.18 | 93881 | 10 |
View Market Depth
| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| DRO (ASX) Chart |