AI1.ASX: Completion of $10 Million Heavily Oversubscribed placement

Completion of $10 Million Heavily Oversubscribed placement

Stock	Adisyn Ltd (AI1.ASX)
Release Time	24 Jan 2025, 9:27 a.m.
Price Sensitive	Yes

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Adisyn Completes $10M Oversubscribed Placement

Key Points

Fully funded: Successful $10M placement at $0.095/share
Board Participation: Incoming director Kevin Crofton participates
Strong institutional demand: Validation through major fund managers

Full Summary

Adisyn Ltd (ASX: AI1) has announced the successful completion of a $10 million (before costs) capital raise through a heavily oversubscribed Placement to institutional and sophisticated investors. A total of 105,263,158 new fully paid ordinary shares will be issued at $0.095 per share. The funds will be used to acquire cutting-edge Atomic Layer Deposition (ALD) equipment, drive technological innovation and development, advance commercialisation and strategic partnerships, strengthen operational capacity, and support general working capital requirements. The Placement was underpinned by significant institutional demand, and incoming Non-Executive Director Kevin Crofton, a globally recognised semiconductor industry leader, has participated by subscribing for 800,000 shares. The successful Placement reflects the market's confidence in Adisyn's ability to deliver groundbreaking graphene-enhanced semiconductor technologies and position the Company to capitalise on the vast semiconductor and AI industries.

Outlook

The funds from this Placement will enable Adisyn to continue developing its transformative graphene semiconductor technology and position the Company at the forefront of industry innovation.