Street Talk
Defence biz DroneShield upsizes raise to $100m after strong demand
Updated
DroneShield, the company that wows everyone with its tech gear that zaps drones out of the sky, is expected to launch a $75 million equity raising on Thursday.
Shaw and Partners and Bell Potter Securities are overseeing the deal. The transaction is structured as a single tranche placement of $70 million and a share purchase plan of $5 million. The brokers found enough demand to upsize the raise to $100 million after market close.
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
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