Nanoveu to Raise AU$2 Million via Share Placement

MT Newswires Live

2025/07/11

Nanoveu (ASX:NVU) secured firm commitments to raise AU$2 million through a placement of 36.4 million shares at AU$0.055 apiece, according to a Friday filing with the Australian bourse.

Proceeds will be used to develop and commercialize the company's Emass semiconductor technologies, expand EyeFly3D commercial activities, and advance Nanoshield Solar field trials in Morocco and the UAE, the filing said.

Shares rose nearly 2% in morning trade Friday.

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