An announcement from Bluglass ( (AU:BLG) ) is now available.
BluGlass Limited has issued 177,460,928 new fully paid ordinary shares at $0.013 per share under a placement announced earlier this month. This move, compliant with the Corporations Act, aims to strengthen BluGlass’s financial position and support its growth in the global photonics industry, enhancing its market presence and operational capabilities.
More about Bluglass
BluGlass Limited (ASX:BLG) is a leading supplier of GaN laser diode products to the global photonics industry, focusing on industrial, defense, bio-medical, and scientific markets. The company is one of a few end-to-end GaN laser manufacturers globally, with operations in Australia and the US, offering custom laser diode development and manufacturing. Its proprietary RPCVD technology and novel device architectures are internationally recognized, providing potential for brighter, better-performing lasers.
YTD Price Performance: -54.17%
Average Trading Volume: 1,964,723
Technical Sentiment Signal: Sell
Current Market Cap: A$20.25M
For an in-depth examination of BLG stock, go to TipRanks’ Stock Analysis page.