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Bluglass ( (AU:BLG) ) has issued an announcement.
BluGlass Limited has issued 3,384,616 new fully paid ordinary shares at an issue price of $0.013 per share under a placement announced on May 1, 2025. This issuance was conducted without disclosure to investors under Part 6D.2 of the Corporations Act, and BluGlass confirms compliance with relevant provisions of the Act, indicating transparency and adherence to regulatory standards.
More about Bluglass
BluGlass Limited (ASX:BLG) is a leading supplier of GaN laser diode products to the global photonics industry, with a focus on the industrial, defense, bio-medical, and scientific markets. The company is one of the few end-to-end GaN laser manufacturers globally, offering custom laser diode development and manufacturing in Australia and the US. BluGlass is recognized for its proprietary low temperature, low hydrogen, remote plasma chemical vapor deposition (RPCVD) technology and novel device architectures, which aim to create brighter and better-performing lasers.
YTD Price Performance: -58.33%
Average Trading Volume: 2,938,539
Technical Sentiment Signal: Sell
Current Market Cap: A$19.17M
See more insights into BLG stock on TipRanks’ Stock Analysis page.