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An update from FBR Limited ( (AU:FBR) ) is now available.
FBR Limited has announced a successful capital raise of A$22 million through a share placement and share purchase plan, aimed at enhancing its financial position and supporting global revenue opportunities. The funds will be used to advance the commissioning of the Hadrian X robot, develop new DST-enabled products, and further collaborations, including with Samsung Heavy Industries. Additionally, the capital will support the launch of the Mantis robotic welder and expand WaaS projects in Australia and the United States, positioning FBR for growth in the construction technology sector.
More about FBR Limited
FBR Limited is a robotic technology company based in Western Australia, specializing in the development of automated solutions for the construction industry. The company focuses on creating innovative products such as the Hadrian X robot and the Mantis robotic welder, which are designed to improve efficiency and productivity in construction processes.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$34.14M
Learn more about FBR stock on TipRanks’ Stock Analysis page.