RemSense Technologies: Sets sights on $2.7m capital raise for virtualplant expansion

RemSense Technologies Sets sights on $2.7m capital raise for virtualplant expansion

• RemSense Technologies (REM) sets its sights on a $2.7 million capital raise to fast-track expansion
• The company has completed a $475,000 placement to sophisticated and professional investor clients of Peak Asset Management, issuing more than 6.3 million shares at 7.5 cents
• One option will be issued for each share allotted, exercisable at 15 cents by December 15, 2025
• Following this, the company plans to extend a one-for-3 entitlement offer to existing shareholders under the same terms in the hopes of raising a further $2.28 million to expand the sales of its photographic asset visualisation tool
• RemSenseTechnologies shares closed 34.62 per cent lower at 8.5 cents at 4.44 pm AEDT on Wednesday afternoon