Elsight (ASX:ELS) To Raise Up To $8.15 Million Under Renounceable Rights Issue For Financing Growth

  • November 16, 2020 01:19 PM AEDT
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  • Increasing and accelerating sales activities, including additional sales hires,
  • Broadening existing as well as new distribution channels,
  • Increasing investment on a range of promotion and marketing activities,
  • Increasing general working capital to accelerate order delivery,
  • Providing further investment for ongoing product development, human resources,
  • Meeting the costs of the offer

The Rights Issue remains open to all eligible shareholders who hold Shares on the Record Date and who have a registered address within Australia or New Zealand. The same shall close on 8 December 2020 and rights of the shareholders shall be tradeable from 18 November 2020.

Following are important tentative dates concerning the capital raising:

Capital Raising Schedule (Source: ASX Announcement 16 November 2020)

ELS share price quoted at A$0.600, up by 3.45% with a market capitalisation of A$62.06 million.



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