FBR Secures $289K Boost by Placing SPP Shortfall Shares
FBR Limited has successfully placed the shortfall from its recent Share Purchase Plan, raising an additional $288,910 through issuing over 64 million shares. This capital injection supports the company’s ongoing development of its innovative robotic technologies.
- Raised $288,910 via placement of SPP shortfall shares
- Issued 64.2 million shares at $0.0045 each
- Settlement expected by 30 September 2025
- Funds to support development of Hadrian X and Mantis robots
- FBR focuses on Dynamic Stabilisation Technology for construction and fabrication
Capital Raise Completes Share Purchase Plan
Robotic technology innovator FBR Limited (ASX – FBR) has announced the successful placement of the shortfall from its recent Share Purchase Plan (SPP), securing an additional $288,910 in funding. The company issued 64,202,222 shares at a modest price of $0.0045 each, with settlement expected by the end of September.
Strategic Funding for Robotics Development
This capital injection arrives as FBR continues to advance its portfolio of dynamically stabilised robots, including the Hadrian X bricklaying robot and the Mantis welding robot. Both products leverage the company’s proprietary Dynamic Stabilisation Technology (DST), designed to improve efficiency and safety in construction and metal fabrication industries.
Hadrian X, in particular, offers a unique 'Wall as a Service' model, enabling builders to access automated bricklaying on demand, potentially transforming traditional construction methods. Meanwhile, Mantis targets large-scale metal fabrication sectors such as mining and shipbuilding, where precision welding is critical.
Implications for Shareholders and Market Position
While the announcement does not detail the specific allocation of the new funds, the successful placement of the SPP shortfall signals investor confidence in FBR’s technology roadmap and commercial prospects. The additional capital is likely to support ongoing product development, operational scaling, and potentially marketing efforts to expand adoption of their robotic solutions.
Given the relatively low share price and significant volume of shares issued, investors will be watching closely for how this capital raise impacts share structure and future earnings potential. The company’s focus on automation in traditionally labor-intensive industries positions it well amid growing demand for efficiency and sustainability.
Bottom Line?
FBR’s latest capital raise clears the way for the next phase of robotic innovation; now the market awaits tangible commercial traction.
Questions in the middle?
- How will FBR allocate the newly raised funds across its product lines?
- What are the near-term commercial milestones for Hadrian X and Mantis?
- Could further capital raises be necessary to scale production or market reach?
