Brief: 4Ds Memory Ltd Announces Successful A$2.5 Million Placement And Launch Of SPP

4DS Memory

25/11/2021 01:13

Nov 25 (Reuters) - 4DS Memory Ltd  4DS.AX :
    * SUCCESSFUL $2.5 MILLION PLACEMENT AND LAUNCH OF SPP-4DS.AX
    * INTENDING TO RAISE UP TO A$2.5 MILLION UNDER A SPP WITH
ABILITY
TO ACCEPT UP TO AN ADDITIONAL A$1 MILLION WORTH OF
OVERSUBSCRIPTIONS
    * PLACEMENT OF ABOUT 52 MILLION SHARES AT AN ISSUE PRICE OF
A$0.048 PER SHARE
    * CAPITAL RAISED TO BE USED TO PROGRESS DEVELOPMENT OF CO'S
INTERFACE SWITCHING RERAM TECHNOLOGY WITH IMEC IN 2022
    * UNDER SPP, SHAREHOLDERS TO ACQUIRE UP TO A$30,000 OF NEW
SHARES
AT A$0.048 PER SHARE

Source text for Eikon:  ID:nASXQVWK 
Further company coverage:  4DS.AX 

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