HSC Technology Group (ASX:HSC) works towards future growth with $1.5m capital raise


A big thanks to The Market Herald for covering the news highlighting the following:

  • HSC Technology Group (HSC) receives firm commitments to raise $1.5 million through a placement
  • Institutional and sophisticated investors have put their hands up for the issue of 150 million shares offered at one cent each
  • HSC plans to use the fresh capital to bolster hardware inventory levels to increase sales, which it says, in turn, will position the company for future growth
  • Shares under the placement are scheduled to be allotted on or around Wednesday, June 8, and will rank equally with existing HSC share
  • Shares resumed trade today and are up 9.09 per cent to trade at 1.2 cents at market close

Read the full article here – https://themarketherald.com.au/hsc-technology-group-asxhsc-shares-rise-on-pers-purchase-order-from-vitalcall-chubb-2022-04-04/