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FBR Limited ( (AU:FBR) ) has shared an announcement.
FBR Limited has successfully secured firm commitments to address the shortfall in their Share Purchase Plan (SPP), raising an additional $288,910 through the issuance of over 64 million shares. This move is expected to bolster the company’s financial position, potentially enhancing its operational capabilities and market presence in the robotic technology sector.
More about FBR Limited
FBR Limited is a robotic technology company that designs, develops, and builds dynamically stabilized robots to meet global needs in a safer, more efficient, and sustainable manner. Their core technology, Dynamic Stabilisation Technology (DST), is applied in products like the Hadrian X, a bricklaying robot, and Mantis, a high deposition welding robot for large-scale metal fabrication industries such as mining, shipbuilding, and defense manufacture.
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$25.9M
For detailed information about FBR stock, go to TipRanks’ Stock Analysis page.