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Hydrix Raises $3.89M, Converts $5.1M Debt, Secures $1.2M Defence Contract

10:00am on Thursday 1st of January, 1970 AEST Technology
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Hydrix Raises $3.89M, Converts $5.1M Debt, Secures $1.2M Defence Contract

10:00am on Thursday 1st of January, 1970 AEST
Key Points
  • Completed $3.89M institutional entitlement offer
  • Converted $5.113M convertible notes into equity
  • Secured $1.2M contract with NIOA for counter-UAS tech
  • Plans to retire $4.79M debt and boost working capital
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