By Sheri Kasprzak
New York, July 14 - DataDot Technology Ltd. wrapped a private placement for A$7,665,000.
The company sold 18.25 million shares at A$0.42 each to a group of sophisticated and professional investors.
Shaw Corporate Finance Pty. Ltd. was the placement agent.
The proceeds will be used for operations in New Zealand for subsidiary DataDotDNA, for testing of the company's Robotic Cell Applicator technology on vehicle assembly lines and for working capital.
Based in Frenchs Forest, New South Wales, Australia, DataDot develops technologies using dots to help identify component parts.
| Issuer: | DataDot Technology Ltd.
|
| Issue: | Stock
|
| Amount: | A$7,665,000
|
| Shares: | 18.25 million
|
| Price: | A$0.42
|
| Warrants: | No
|
| Placement agent: | Shaw Corporate Finance Pty. Ltd.
|
| Settlement date: | July 14
|
| Stock symbol: | Australia: DDT
|
| Stock price: | A$0.415 at close July 14
|
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