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The latest announcement is out from Nanoveu Ltd. ( (AU:NVU) ).
Nanoveu Limited has completed the main tranche of its previously announced strategic placement, raising $7.38 million before costs via the issue of 83.9 million new shares at $0.088 each, accompanied by 41.9 million attaching options, within its existing ASX placement capacity, and has also issued 9.25 million shares following the exercise of unlisted options. The remaining $120,000 component to directors will be finalised subject to shareholder approval, while the company has confirmed that the new securities were issued without a prospectus under the Corporations Act’s disclosure exemptions and that it remains compliant with its continuous disclosure and reporting obligations, bolstering its capital base for ongoing operations and growth initiatives in its semiconductor, 3D content and materials businesses.
The most recent analyst rating on (AU:NVU) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on Nanoveu Ltd. stock, see the AU:NVU Stock Forecast page.
More about Nanoveu Ltd.
Nanoveu Limited is a technology innovator in advanced semiconductor and material sciences, with a portfolio that includes EMASS, a provider of ultra-low-power, AI-driven system-on-chip solutions for smart devices, IoT applications and 3D content transformation, the EyeFly3D platform for glasses-free 3D experiences across devices and industries, and Nanoshield, a self-disinfecting film using embedded cuprous nanoparticles for antiviral and antimicrobial protection in applications ranging from mobile covers to marine and solar surfaces. Through these technologies, Nanoveu is positioning itself as a key player in the rapidly growing 3D content, AI and edge computing markets while targeting industrial and protective surface applications.
Average Trading Volume: 3,017,625
Technical Sentiment Signal: Buy
Current Market Cap: A$86.89M
See more data about NVU stock on TipRanks’ Stock Analysis page.