Adisyn (ASX:AI1) secured commitments for an $14 million institutional placement.
The capital raise was led by Australian powerhouse Regal Funds Management and Meitav, Israel's largest investment house, signalling strong international confidence in Adisyn’s dual-track development of semiconductor graphene and stealth drone technologies.
The placement is priced at $0.0675 per share, representing a 10% discount to the company's last closing price on April 21.
The influx of capital follows two major technical milestones: the low-temperature formation of graphene using an industrial ALD system—a vital leap toward semiconductor commercialisation—and the acquisition of an exclusive worldwide licence for graphene-based radar absorption technology from Tel Aviv University.
The licence positions Adisyn as a key player in the rapidly expanding global market for stealth materials within the defence and drone sectors.
In a show of internal alignment, Chairman Kevin Crofton and Non-Executive Director Dominic O’Hanlon have pledged to subscribe to a combined $200,000 in shares, pending shareholder approval.
The approximately 207.4 million new shares will be issued under the company’s existing placement capacity, with settlement expected by April 29.
Management intends to utilise the proceeds to accelerate graphene technology advancement, bolster business development initiatives, and strengthen general working capital as the company transitions from technical demonstration to market integration.
At the time of reporting, Adisyn's share price was $0.115.