Friday, November 8, 2024
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4DS Memory: Raises $3.5m via SPP

4DS Memory Raises $3.5m via SPP

  • 4DS Memory (4DS) completes an oversubscribed share purchase plan (SPP) to raise $3.5 million following a $2.5 million placement
  • The company received valid applications for $5.93 million but scaled back applications by 46.46 per cent
  • Refunds will be paid by either direct credit or cheque with no interest
  • 4DSMemory is using the money funds raised from the SPP and placement to progress the development of its Interface Switching ReRAM technology
  • Shares are trading 10 per cent higher at 5.5 cents

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