Adisyn has reportedly secured firm commitments to raise AU$14 million (over US$10 million) through an institutional placement, backed by major investors following two key technology milestones in its graphene semiconductor and defense programs.
The raise was cornerstoned by one of Australia’s largest institutional investors, Regal Funds Management and Meitav, Israel’s largest investment house and led by Sandton Capital Advisory. Regal manages more than $20 billion, while Meitav manages about $190 billion in assets, with both investors bringing experience across technology and defense sectors.
Chairman Kevin Crofton and non-executive director Dominic O’Hanlon also intednt to subscribe for a total of AU$200,000 worth of shares.
Proceeds will be directed towards advancing the company’s graphene technology programs, alongside business development and working capital.
