Adisyn Ltd (ASX:AI1) Completes $10 Million Placement
Successful Placement Execution
Adisyn Ltd (ASX: AI1) has successfully completed a $10 million capital raise through a heavily oversubscribed placement to institutional and sophisticated investors. The placement will result in the issuance of 105,263,158 new fully paid ordinary shares at a price of $0.095 each.
Funding Allocation
The funds raised will accelerate the development of graphene-enhanced semiconductor technologies and strengthen the company’s commercial initiatives. A portion of the capital will be allocated to acquire a specialised Atomic Layer Deposition (ALD) machine, enhancing AI1’s research and development capabilities.
Executive Comments
CEO Blake Burton stated, “The success of this Placement and Kevin’s direct participation reinforces the confidence in AI1’s potential.” He added that the funding positions the company to advance groundbreaking technologies in the semiconductor sector.
Board Participation
Kevin Crofton, a recognized leader in the semiconductor industry, participated in the placement and is set to join AI1’s Board as a Non-Executive Director subject to shareholder approval. He has subscribed for 800,000 shares, signalling strong institutional demand for the placement.
Future Developments
Proceeds will also support collaborations with global semiconductor leaders and the expansion of licensing agreements. AI1 aims to leverage its innovative technologies to address challenges within the AI, 5G, autonomous vehicles, and cloud computing sectors.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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