• Executes A$20 million Share Subscription Facility with GEM Global Yield LLC SCS
• Appoints Peak Asset Management as corporate advisor
• Funding to support delivery of growth strategy, including commercialization of Hadrian X and DST-enabled automation solutions

FBR Limited (ASX: FBR) has executed a financing agreement with GEM Global Yield LLC SCS (GEM) for up to A$20 million through a Share Subscription Facility (SSF) over a three-year period. The SSF will provide working capital at the company's discretion, allowing FBR to draw down funds in tranches in exchange for issuing new shares to GEM. There is no minimum drawdown obligation. FBR has also appointed Peak Asset Management as its corporate advisor. The funding will support the delivery of FBR's stated growth strategy, including the realization of multiple commercial opportunities for the company's innovative Hadrian X and DST-enabled automation solutions technology platform, both in building construction and new verticals like shipbuilding. The funding will also be used for the development and commercialization of R&D projects to further expand and monetize FBR's IP portfolio, capitalizing on the large and growing addressable market for robotic products developed from the company's technology platform. This includes the latest deliverable, the DST-enabled welding robot 'Mantis', which provides enhanced automation efficiency potential to industrial segments such as large-scale fabrication, mining, and shipbuilding.

The new funding facility is part of an overall funding strategy, and FBR looks forward to updating the market on further commercialization strategy deliverables over the coming months.