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Highlights:

  • FBR plans to raise AUD 1 million through discounted share placement to institutional investors
  • Additional AUD 1 million to be raised via Share Purchase Plan at AUD 0.0045 per share
  • FBR Funds to support product development, debt repayment, and expansion of WaaS® projects

FBR Limited (ASX:FBR; OTCQB:FBRKF), a robotics technology company based in Australia, has announced it will raise up to AUD 2 million in new funding through a share placement and a share purchase plan (SPP). The company develops robotic systems for the construction and industrial sectors, including its flagship Hadrian X® automated bricklaying system and the recently introduced ‘Mantis’ robotic welder. FBR has received firm commitments from institutional and sophisticated investors for a placement of approximately 222.2 million new shares at AUD 0.0045 per share, raising AUD 1 million before costs. The placement price represents a 25% discount to the company’s closing price of AUD 0.006 on 5 August 2025 and a 23.1% discount to the 15-day volume weighted average price (VWAP).

The placement will be completed using FBR’s existing placement capacity under ASX Listing Rule 7.1A, with new shares ranking equally with existing fully paid ordinary shares from the date of issue. The company has appointed Peak Asset Management, a boutique Melbourne-based investment firm, to lead the placement round.

In addition to the placement, FBR will invite eligible shareholders in Australia and New Zealand to participate in a Share Purchase Plan (SPP) at the same AUD 0.0045 issue price. The SPP is intended to raise up to an additional AUD 1 million, with the company reserving the right to accept oversubscriptions in accordance with the ASX Listing Rules and Corporations Act. Under the SPP, eligible shareholders may subscribe for up to AUD 30,000 worth of new shares without incurring brokerage or transaction fees. The new shares issued under the SPP will rank equally with existing shares.

Proceeds from both the placement and SPP will be used to support a range of operational and development activities, including:

  • Commissioning of an additional Hadrian X robot
  • Development of DST®-enabled (Dynamic Stabilisation Technology) products
  • Further progress on the company’s collaboration with Samsung Heavy Industries
  • Launch and commercial rollout of the new Mantis robotic welding system
  • Advancement of Wall-as-a-Service® (WaaS®) opportunities in Australia and the United States
  • Repayment of debt facilities and general working capital requirements

FBR also recently entered into a AUD 20 million Share Subscription Facility with GEM Global Yield LLC SCS, providing access to additional equity funding over a set period subject to terms and conditions. FBR Limited continues to advance its portfolio of construction automation technologies, with capital raised intended to support product development, collaborative ventures, and commercial deployment across key markets.

FBR is trading 16.67% lower at AUD 0.0050 per share as of 8 August 2025.