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ASX:UBI
Universal Biosensors, Inc.
Investment Summary
The fund managers believe that Universal Biosensors, Inc. (UBI) is positioned for growth following its announcement of a fully underwritten $10 million capital raise at $0.15 per share. In their opinion, the funds will be effectively utilized for crucial pipeline activities, sales and marketing, research and development, and general working capital purposes. This strategic move is anticipated to enhance the company’s operational capabilities and drive future performance.
Commentary From The Managers
Endeavor Asset Management
30 Apr 2024
$0.15
- Endeavor Asset Management updates their investment thesis on Universal Biosensors (UBI).
- UBI announced a fully underwritten $10 million capital raise at $0.15 per share.
- Proceeds will be allocated to pipeline activities, as well as sales and marketing.
- Funds will also support research and development activities and general working capital purposes.
- Endeavor Asset Management continues to hold their position in UBI due to these strategic investments.
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
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