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DFNN to raise add'l capital through private placements
The Philippine Star
|September 21, 2024
Listed DFNN Inc.is raising additional capital through private placements to fund its expansion and settle financial obligations.
In a stock exchange filing, DFNN said it secured board approval to obtain additional private placements from Nautilus International Management Corp. (NIMC) and Asia Defense and Armament Corp. (ADAC) to raise additional capital amounting to P45 million.
The transaction involves the issuance of 15.72 million DFNN common shares from the remaining unsubscribed and unissued portion of its current authorized capital stock at P2.8629 per share.
This story is from the September 21, 2024 edition of The Philippine Star.
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