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FBR Advances US Robotics Push with $6.3M Raise and New CEO
4:12am on Monday 2nd of June, 2025 AEST
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FBR Advances US Robotics Push with $6.3M Raise and New CEO
4:12am on Monday 2nd of June, 2025 AEST
Key Points
Completed US Demonstration Program with $2 million non-refundable payments from CRH Ventures
Raised A$6.3 million via institutional placement to bolster cash reserves
Appointed Mark Pivac as new CEO following executive and board restructuring
Reduced operating costs by approximately 70% to extend runway
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