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Bluglass ( (AU:BLG) ) just unveiled an announcement.
BluGlass Limited has extended the closing date for its Share Purchase Plan (SPP) Offer to accommodate additional institutional shortfall commitments, securing an extra $1.5 million. The funds will accelerate production and delivery of BluGlass’ GaN lasers, supporting new and existing contracts, and enhancing the company’s operational capacity and market positioning.
More about Bluglass
BluGlass Limited (ASX:BLG) is a leading supplier of GaN laser diode products to the global photonics industry, focusing on the industrial, defense, bio-medical, and scientific markets. The company operates in Australia and the US, providing custom laser diode development and manufacturing using its proprietary RPCVD technology.
YTD Price Performance: -58.33%
Average Trading Volume: 2,807,511
Technical Sentiment Signal: Sell
Current Market Cap: A$20.18M
For detailed information about BLG stock, go to TipRanks’ Stock Analysis page.