Australia's BluGlass rises on securing $1 million capital

Bluglass

01/06/2026 01:29

** Shares of Australia's BluGlass BLG.AX rise as much as 20.7% to A$0.350, hitting their highest level since March 9
** Semiconductor developer secures commitments to raise up to A$1.5 million ($1.08 million)
** Co says funds to be used to support co's new and existing laser contracts and working capital     
** Stock up over 45% this year, including the day's move

($1 = 1.3926 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com))