PRIMOCO UAV SE gained CZK 90.5m from new issue

Published: 18.05.2021 Related countries:  Singapore Singapore

PRIMOCO UAV SE gained CZK 90.5m from new issue

PRIMOCO UAV SE raised CZK 90.5m from investors on the Prague Stock Exchange to finance its further development. The Czech drone manufacturer subscribed for 364,200 new shares, corresponding to almost 8% of the company's capital. The company is currently negotiating the sale of 233 drones to 40 customers worldwide. The resources raised by the subscription of new shares will be used to expand production capacity and further develop the Písek - Krašovice airport. (Source: ČIA Nes, www.cianews/en)