Media ReleasesBluGlass Limited

View All BluGlass Limited News

BluGlass to Acquire Laser Diode Facility and Capital Raising


  •  BluGlass to acquire commercial Silicon Valley laser diode production facility lease and manufacturing equipment for US$2.5 million
            o Fast-tracks longer-term plan to bring fabrication processes in-house, significantly increases manufacturing capability and brings forward higher-value product development timelines
            o Halves wafer production costs and scales operations, potential to bring forward positive cashflows to 2024/2025

  • Successful Placement of A$3.4 million to settle the acquisition and fund the initial start-up of operations of the production facility
  • Non-renounceable Entitlement Offer of up to approximately A$7.5 million to fund ongoing operations of the production facility and to enable shareholders to participate on the same terms as the Placement
  • Directors taking up full entitlement in the Entitlement Offer

For more information, download the attached PDF.

Download this document

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.