• Raised A$1M via placement to sophisticated investors
• Launched A$1M share purchase plan for eligible shareholders
• Funds to support commissioning, product development, and commercial projects
• Secured A$20M share subscription facility with GEM Global Yield

FBR Ltd, a robotic technology company, announced that it has received firm commitments to raise A$1,000,000 via a placement of approximately 222.2 million shares at A$0.0045 per share. Additionally, the company is launching a share purchase plan to raise up to A$1,000,000, allowing eligible shareholders to invest at the same issue price as the placement. The funds raised will be used to complete the commissioning of a further Hadrian X robot, develop new DST-enabled products, advance workstreams such as the collaboration with Samsung Heavy Industries, and launch the company's new 'Mantis' robotic welder. The funds will also be used to repay debt facilities, further commercial WaaS projects in Australia and the United States, and cover the costs of the offering. FBR has also entered into a A$20 million Share Subscription Facility with GEM Global Yield LLC SCS, which will provide additional working capital to support the company's growth initiatives.

The funds raised will enable FBR to further develop and commercialize its robotic technology solutions, including the Hadrian X bricklaying robot and the Mantis welding robot, as well as advance its collaboration with Samsung Heavy Industries and pursue other commercial opportunities in Australia and the United States.