Business
FBR Ltd launches capital raising; MST hired – The Australian Financial Review
ASX-listed robotics group FBR Limited was in the market on Monday, seeking $15 million in new equity.
ASX-listed robotics group FBR Limited was in the market on Monday, looking for $15 million in new equity as it seeks to commercialise its disruptive technology.
FBR Limited launched a $15 million cash call on Monday morning. Jim Rice
FBR offered the shares at 5.7¢ a share via an institutional placement, according to terms sent to fund managers by sole lead manager MST Financial.
The offer price represented a 25 per cent discount to the last close and a 21 per cent discount to the five-day vo…
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