- Authentication and tracing solutions company Dotz Nano (DTZ) has received commitments to raise $7.07 million via a placement
- The money will allow the company to fulfil its four existing PPE authentication contracts and establish new distribution networks for its products
- Funds will also used for sales and marketing activities and proof of concept costs for new business
- Over 28 million shares will also issued at 25 cents, representing a 3.8 per cent discount to the 30-day volume-weighted average price.
- Dotz Chairman and interim CEO Bernie Brookes said the boost in funds will help push the company forward
- Shares in Dotz Nano closed 3.45 per cent lower, priced at 28 cents
