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- FBR (FBR) places its shares in a mid-week trading halt while it plans the details of an upcoming capital raising
- The robotic technology company will remain in the halt until November 26 or when more details are released, whichever occurs first
- On November 22, FBR announced it had received a research and development tax cash refund of nearly $4 million for the 12 months ending June 30, 2021
- This refund was jointly administered by the Australian Taxation Office and the Department of Innovation, Industry and Science
- Shares in FBR last traded at 5.3 cents on November 23
FBR (FBR) has placed its shares in a mid-week trading halt while it plans the details of an upcoming capital raising.
The robotic technology company will remain in the halt until November 26 or when more details are released, whichever occurs first.
FBR is yet to disclose how much it intends to raise or what it will use the funds for once received.
On November 22, FBR announced it had received a research and development tax incentive cash refund of $3,986,814 for the 12 months ending June 30, 2021.
This refund was jointly administered by the Australian Taxation Office and the Department of Innovation, Industry and Science.
On November 11, FBR revealed it had completed its first outdoor house structure using Wienerberger’s Porotherm clay blocks.
These blocks are the largest blocks ever used by FBR’s Hadrian X construction robot with each block equivalent to 12 standard bricks.
Double leaf blocks were used for the external walls while single leaf blocks were used for the internal walls.
Shares in FBR last traded at 5.3 cents on November 23. The company has a $116.9 million market cap.
