Flexible Electronics News

Dyesol Successfully Raises AUD $5 Million

Dyesol is a global supplier of dye solar cell materials

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Australian “clean-tech” company Dyesol Limited has raised a total of AUD $5 million, through take-up by shareholders of the recent share purchase plan and a supplementary placement to sophisticated investors. The transaction was partly underwritten by Octa Phillip Securities for a total of $3 million and, consequently, there was no shortfall to the underwriter. In addition to the approximate $3.9 million of proceeds raised from the share purchase plan, the company has also placed $1.1 mill...

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