FBR secures additional capital through SPP shortfall placement
Robotic technology company FBR Limited has secured AUD 288,910 through the placement of its Share Purchase Plan (SPP) shortfall, issuing 64,202,222 shares at AUD 0.0045 each. Settlement for these shares is expected on 30 September 2025. This placement follows the SPP completed on 5 September 2025 and falls under the entity's additional 10% placement capacity under listing rule 7.1A.
In a related issue, an additional 5,926,222 ordinary fully paid shares are proposed to be issued without cash consideration. These shares are being issued in lieu of AUD 26,668 for consultancy services provided to the company. Both sets of newly issued shares are expected to rank equally with existing issued securities.
Peak Asset Management is acting as the lead manager/broker for the shortfall placement, receiving a fee of 6% of the funds raised, approximately $17,334. The total number of securities proposed to be issued for both the shortfall placement and the consultancy services is 70,128,444 ordinary fully paid shares, with a proposed issue date of 30 September 2025.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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