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