KWESST Micro Systems Completes U.S. Public Offering

KWESST Micro Systems (TSE:KWE) has released an update.

KWESST Micro Systems Inc. has successfully completed a public offering in the United States, raising approximately $1.68 million through the sale of 2.9 million common shares, priced at $0.58 each, before fees and expenses. The net proceeds are earmarked for working capital, general corporate purposes, and furthering the company’s business objectives. ThinkEquity served as the exclusive placement agent for this offering.

For further insights into TSE:KWE stock, check out TipRanks’ Stock Analysis page.