Nuchev Pty Ltd (AU:NUC) has released an update.
Nuchev Limited successfully closed its entitlement offer, raising $5.1 million before costs. The offer saw a subscription rate of approximately 50.87%, with the shortfall being allocated to various shareholders including H&S Investments and Craig Silbery. Chair Ben Dingle expressed satisfaction with the support from cornerstone shareholders and sees the funds as a step towards scaling the business and achieving a break-even cash position.
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