Lithium
44.08
0.36%
Gold
2,744.60
(0.05%)
Copper
4.46
0.6%
Oil
71.63
0.01%
Bitcoin
68,902.34
1.65%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.35%
Hang Seng
20,966.87
2.73%
Lithium
44.08
0.36%
Gold
2,744.60
(0.05%)
Copper
4.46
0.6%
Oil
71.63
0.01%
Bitcoin
68,902.34
1.65%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.35%
Hang Seng
20,966.87
2.73%
Lithium
44.08
0.36%
Gold
2,744.60
(0.05%)
Copper
4.46
0.6%
Oil
71.63
0.01%
Bitcoin
68,902.34
1.65%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.35%
Hang Seng
20,966.87
2.73%
Lithium
44.08
0.36%
Gold
2,744.60
(0.05%)
Copper
4.46
0.6%
Oil
71.63
0.01%
Bitcoin
68,902.34
1.65%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.35%
Hang Seng
20,966.87
2.73%
Lithium
44.08
0.36%
Gold
2,744.60
(0.05%)
Copper
4.46
0.6%
Oil
71.63
0.01%
Bitcoin
68,902.34
1.65%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.35%
Hang Seng
20,966.87
2.73%
Lithium
44.08
0.36%
Gold
2,744.60
(0.05%)
Copper
4.46
0.6%
Oil
71.63
0.01%
Bitcoin
68,902.34
1.65%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.35%
Hang Seng
20,966.87
2.73%
Lithium
44.08
0.36%
Gold
2,744.60
(0.05%)
Copper
4.46
0.6%
Oil
71.63
0.01%
Bitcoin
68,902.34
1.65%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.35%
Hang Seng
20,966.87
2.73%
Lithium
44.08
0.36%
Gold
2,744.60
(0.05%)
Copper
4.46
0.6%
Oil
71.63
0.01%
Bitcoin
68,902.34
1.65%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.35%
Hang Seng
20,966.87
2.73%
Lithium
44.08
0.36%
Gold
2,744.60
(0.05%)
Copper
4.46
0.6%
Oil
71.63
0.01%
Bitcoin
68,902.34
1.65%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.35%
Hang Seng
20,966.87
2.73%
Lithium
44.08
0.36%
Gold
2,744.60
(0.05%)
Copper
4.46
0.6%
Oil
71.63
0.01%
Bitcoin
68,902.34
1.65%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.35%
Hang Seng
20,966.87
2.73%
Lithium
44.08
0.36%
Gold
2,744.60
(0.05%)
Copper
4.46
0.6%
Oil
71.63
0.01%
Bitcoin
68,902.34
1.65%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.35%
Hang Seng
20,966.87
2.73%
Lithium
44.08
0.36%
Gold
2,744.60
(0.05%)
Copper
4.46
0.6%
Oil
71.63
0.01%
Bitcoin
68,902.34
1.65%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.35%
Hang Seng
20,966.87
2.73%
Lithium
44.08
0.36%
Gold
2,744.60
(0.05%)
Copper
4.46
0.6%
Oil
71.63
0.01%
Bitcoin
68,902.34
1.65%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.35%
Hang Seng
20,966.87
2.73%
Lithium
44.08
0.36%
Gold
2,744.60
(0.05%)
Copper
4.46
0.6%
Oil
71.63
0.01%
Bitcoin
68,902.34
1.65%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.35%
Hang Seng
20,966.87
2.73%
Lithium
44.08
0.36%
Gold
2,744.60
(0.05%)
Copper
4.46
0.6%
Oil
71.63
0.01%
Bitcoin
68,902.34
1.65%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.35%
Hang Seng
20,966.87
2.73%
Lithium
44.08
0.36%
Gold
2,744.60
(0.05%)
Copper
4.46
0.6%
Oil
71.63
0.01%
Bitcoin
68,902.34
1.65%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.35%
Hang Seng
20,966.87
2.73%
Lithium
44.08
0.36%
Gold
2,744.60
(0.05%)
Copper
4.46
0.6%
Oil
71.63
0.01%
Bitcoin
68,902.34
1.65%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.35%
Hang Seng
20,966.87
2.73%
Lithium
44.08
0.36%
Gold
2,744.60
(0.05%)
Copper
4.46
0.6%
Oil
71.63
0.01%
Bitcoin
68,902.34
1.65%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.35%
Hang Seng
20,966.87
2.73%
Lithium
44.08
0.36%
Gold
2,744.60
(0.05%)
Copper
4.46
0.6%
Oil
71.63
0.01%
Bitcoin
68,902.34
1.65%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.35%
Hang Seng
20,966.87
2.73%
Lithium
44.08
0.36%
Gold
2,744.60
(0.05%)
Copper
4.46
0.6%
Oil
71.63
0.01%
Bitcoin
68,902.34
1.65%
FTSE 100
8,184.24
0.09%
Nikkei 225
38,474.90
0.52%
Dow Jones
41,794.60
(0.5%)
Iron Ore
105.00
1.04%
USD/AUD
0.66
0.35%
Hang Seng
20,966.87
2.73%

Structural Monitoring Systems (ASX: $SMN) announces $7.2 million capital raising initiative

Capital raising details unveiled


Structural Monitoring Systems Plc (ASX: SMN) has unveiled a capital raising initiative to generate up to AUD $7.2 million. This involves a placement to investors, a Security Purchase Plan for CDI holders, and a Director Placement, subject to shareholder approval.

Capital raising strategy and future outlook


Structural Monitoring Systems Plc has embarked on a capital raising initiative, targeting AUD $7.2 million to fund product development, expand avionics manufacturing capabilities, and support CVMâ„¢ technology growth. The funds will bolster current year forecasts and facilitate future growth. The company is focused on certifying its Aft Pressure Bulkhead CVMâ„¢ application and securing sales agreements with major airlines such as Delta Air Lines and United Airlines. Increased investor interest is evident, with a scheduled investor webinar to discuss company progress. Bell Potter Securities leads the initiative, with settlement and allotment processes outlined for November and December.

Executive insights on capital raising


The capital raised will enable us to focus on product development and expand our manufacturing capabilities in avionics technologies. We are committed to achieving our current year forecasts and ensuring future growth. The certification of our Aft Pressure Bulkhead CVMâ„¢ application is anticipated next year.

STRUCTURAL MONITORING SYSTEMS PLC
SMN | ASX | Information Technology
0.55-0.14(-20.29%)
At close 04/11 (AEDT)
Market cap
$75.5M
Volume
237,993
DY Yield
PE Ratio
52 Week Range
0.33 - 0.785
1YR Return
N / A

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