-- Adisyn (ASX:AI1) received firm commitments to raise AU$14 million through the placement of about 207.4 million new shares at AU$0.0675 apiece, according to a Thursday filing with the Australian bourse.
The placement was cornerstoned by Regal Partners' (ASX:RPL) Regal Funds Management subsidiary and Israel's largest investment house, Meitav, the filing said.
Additionally, Chairman Kevin Crofton and Non-Executive Director Dominic O'Hanlon will subscribe for a total of AU$200,000, subject to shareholder approval.
Proceeds will be used to advance graphene technology programs, business development, and working capital, per the filing.
Adisyn shares rose 47% in morning trade on Thursday and earlier reached their highest since January 2022.
Regal Partners shares rose 3% in recent trade.