Nanoveu Limited (ASX: $NVU) Capital Raise Announcement

Nanoveu Limited (ASX: $NVU) has successfully secured firm commitments from sophisticated and professional investors in an oversubscribed placement to raise $2.25 million. The funds will be utilized to enhance the development of EyeFly3DTM products, support the commercialization of NanoshieldTM Solar product line, and expand market presence. The placement involves the issuance of 85,576,923 fully paid ordinary shares at $0.026 per share, along with attaching options on a 1-for-1 basis, exercisable at $0.05 before 31 December 2026.

Executive Commentary on Capital Raise and Product Development

We are delighted with the support for the upsized Placement from new and existing shareholders, during a time of significant growth at Nanoveu. With the proceeds of this capital raise, Nanoveu is now well-funded to support the development of our enhanced EyeFly3DTM products, now supported by the newly executed joint venture agreement and large exclusive distribution agreements in South Korea. The Placement also allows us to improve our 2D to 3D image conversion capabilities using advanced AI monocular depth estimation models. The funds will further support commercialization efforts for our NanoshieldTM Solar product line including the completion of our testing program with large solar infrastructure operators including ACWA Power and Sembcorp with operations in the UAE, Morocco, and Singapore.

Summary of Nanoveu's Capital Raise and Future Plans

Nanoveu Limited (ASX: $NVU) has successfully secured $2.25 million through firm commitments from investors, enabling the company to strengthen the development of its innovative products. The funds will be utilized to enhance the EyeFly3DTM products, improve 2D to 3D image conversion capabilities, and support the commercialization of NanoshieldTM Solar product line. Additionally, the company aims to expand its market presence through joint venture agreements and large exclusive distribution agreements in South Korea. Nanoveu's future plans involve fulfilling minimum orders for EyeFly3DTM in South Korea and advancing proof-of-concept trials with major renewable infrastructure operators. The company's ambitions include leveraging advanced AI technology and proprietary software to drive the development of cutting-edge products and coatings, positioning Nanoveu for sustained growth and innovation.