Duke Robotics Corp. announced a private placement raising gross proceeds of $750,000.
The private placement included participation from existing long-time investors of the Company.
The Company intends to use the net proceeds for working capital and general corporate purposes.
Private Placement Details
The private placement includes units priced at $0.36 per unit, with one share of common stock and one warrant included in each unit.
Use of Proceeds
Net proceeds will support ongoing operational and commercialization initiatives.
Forward-Looking Statements
Risk factors include market adoption of technologies, infrastructure investment, regulatory challenges, and competition from technological advances.
- The private placement strengthens Duke Robotics' balance sheet and provides support for near-term execution opportunities.
- The participation from existing long-time investors reflects confidence in the Company's future prospects.
Duke Robotics' private placement at a premium to market is a strategic move to enhance financial stability and support growth initiatives in the civilian and defense markets.