ASX:EOSAerospace & Defense
Electro Optic Systems (ASX:EOS) Is Up 19.5% After Funding MARSS Deal And Defence Board Refresh – What's Changed
Electro Optic Systems Holdings has recently raised A$150,000,000 via an institutional placement, A$40,000,000 through a follow-on offering, and plans an additional A$25,000,000 Share Purchase Plan to help fund the acquisition of UK counter-drone and autonomous maritime specialist MARSS, while also adding retired senior Australian Defence leaders Catherine Roberts and Kathryn Toohey to its board.
This combination of sizeable equity raising, a defence-focused acquisition, and governance...