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Norwood Systems Secures $500K Oversubscribed Capital Raise to Fuel Growth
2:23am on Monday 2nd of June, 2025 AEST
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Technology
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Norwood Systems Secures $500K Oversubscribed Capital Raise to Fuel Growth
2:23am on Monday 2nd of June, 2025 AEST
Key Points
Oversubscribed $500,000 placement at $0.019 per share
26.3 million new shares issued under ASX Listing Rule 7.1
Funds allocated to market expansion, product development, and partial debt repayment
Red Leaf Securities appointed lead manager with 6% cash fee and 3 million options
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Norwood Systems (ASX:NOR)
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