DUG Technology Ltd (AU:DUG) has released an update.
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DUG Technology Ltd has successfully raised A$30 million through an institutional placement at A$1.90 per share, with strong backing from existing and new investors. The funds will be used to fuel the company’s growth in new verticals and geographic markets, including expanding data center infrastructure and enhancing capabilities in the Middle East. Additionally, a Share Purchase Plan is being offered to eligible shareholders to raise up to an additional A$5 million.
For further insights into AU:DUG stock, check out TipRanks’ Stock Analysis page.