Weebit Nano Ltd. (AU:WBT) has released an update.
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Weebit Nano Ltd has successfully raised A$50 million through a share placement to institutional investors at a 6.5% premium, highlighting strong market confidence in its ReRAM technology. The funds will be used to enhance commercialisation activities and support technology development, positioning the company for significant growth in the coming year. Despite strong investor interest, the placement does not include a share purchase plan for retail investors due to pricing constraints.
For further insights into AU:WBT stock, check out TipRanks’ Stock Analysis page.
