FBR Limited (ASX: FBR) has signed a Share Subscription and Share Purchase contract with M & G Investment Management, a shareholder based in the United Kingdom. The agreement is valued at AU$9.14 million, and the funds will be used to manufacture three Hadrian X robots designed specifically for use in the United States.
These next-generation robots will be built on truck bases and immediately deployed to provide Wall as a Service through Fastbrick Americas LLC. The agreement involves the issuance of 227,000,000 new fully paid ordinary shares on 17 March 2023, at AU$0.033 per share, for a total of AU$7,491,000.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
