DroneShield Limited (AU:DRO) has released an update.
DroneShield Limited has requested an immediate trading halt on its securities as it prepares to announce a capital raising initiative through an institutional placement and share purchase plan. The halt is expected to last until the company reveals the outcome of this placement or until market open on Monday, 22 April 2024, whichever comes first. The move underscores the company’s plans for financial expansion and investment opportunities.
For further insights into AU:DRO stock, check out TipRanks’ Stock Analysis page.
