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The latest update is out from KWESST Micro Systems ( (TSE:KWE) ).
KWESST Micro Systems Inc. announced a CAD $3.5 million private placement with accredited and institutional investors to issue common shares and pre-funded warrants, which include additional common share purchase warrants. The funds raised will be used for general working capital purposes, and the offering is pending the approval of the TSX Venture Exchange, with ThinkEquity acting as the sole placement agent.
More about KWESST Micro Systems
KWESST Micro Systems Inc. develops and commercializes next-generation tactical systems primarily for military and security forces. Their product portfolio includes solutions for real-time situational awareness and targeting information, countermeasures against electronic detection, lasers, and drones, which can operate independently or integrate with other systems.
YTD Price Performance: -38.55%
Average Trading Volume: 2,781,985
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $759.5K
Learn more about KWE stock on TipRanks’ Stock Analysis page.
