Nanollose Ltd. (AU:NC6) has released an update.
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Nanollose Ltd. has announced a strategic capital raise of $2.1 million to accelerate its commercialisation strategy. The raise includes a $672,000 placement with strategic investors and a 1 for 3 rights issue to gather an additional $1.05 million, all aimed at advancing the company’s R&D in biomaterials like vegan leather and fabric fibers. Directors are also converting outstanding fees to equity, reinforcing their commitment to the company’s growth.
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