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AUDIO PIXELS HOLDINGS LIMITED (ASX: AKP)

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AKP: Increased Funding Facility of $1.5m

AUDIO PIXELS HOLDINGS LIMITED

2023-03-28 14:38:00

AKP: Placement Update

AUDIO PIXELS HOLDINGS LIMITED

  1. Audio Pixels Holdings Limited (ASX: AKP) announced on 24 August 2022 that it had received binding commitments via a non-underwritten placement of 714,286 ordinary shares at $14.00 per share, to sophisticated and professional investors, to raise A$10 million.
  2. 240,603 ordinary shares (A$3,368,442) were settled on 30 August 2022 and issued on 31 August 2022.
  3. Earth Mountain (Suzhou) Microelectronics Ltd (Earth Mountain) committed to take 308,325 ordinary shares ($4,316,550) in the placement which are expected to settle in the current quarter once the necessary approvals from the Ministry of Commerce and the State Administration of Foreign Exchange are obtained.

2022-12-30 09:42:00