BluGlass Ltd of Silverwater, Australia – which has developed proprietary low-temperature, low-hydrogen remote-plasma chemical vapor deposition (RPCVD) technology for manufacturing devices such as laser diodes, next-generation LEDs and micro-LEDs – has closed its non-renounceable entitlement offer, raising AUS$3.71m before costs. The entitlement offer enabled eligible shareholders to subscribe for new shares on a 1:4 basis at AUS$0.03 per share; and follows a AUS$3.4m placement to US and Australian institutional funds and investors (as announced to ASX on 24 March)...
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