Weebit Nano's very big capital raising
By Lucy Battersby
Weebit Nano is super-sizing its retail share purchase plan after strong demand, saying it will now raise $2.5 million instead of $500,000.
The board received $2.75 million worth of applications and said upsizing the plan was more equitable than scaling back applications to $500,000. It has rejected all applications from shareholders with less than 30 shares, especially as most held just one share.
The stock price is up 1.75 per cent today to 29c.
Coupled with a recent institutional share raising, Weebit Nano will now have $9.1 million to further research and development
3.https://www.brisbanetimes.com.au/business/markets/asx-to-open-f...
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