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Atomos Ltd. Secures $16M in Successful Equity Raise
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Atomos Ltd. Secures $16M in Successful Equity Raise

Atomos Ltd. (AU:AMS) has released an update.

Atomos Ltd. successfully completes a $16 million equity raising, issuing over 800 million new shares and 501 million options, with further options expected. The capital boost, approved at an extraordinary general meeting, is set to reinstate the company’s securities to official quotation on the ASX. Following the raise and additional placement, Atomos anticipates around 2.3 quarters of funding availability, benefitting from unencumbered assets after debt clearance.

For further insights into AU:AMS stock, check out TipRanks’ Stock Analysis page.

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