Security solutions provider Nexbis (ASX:NBS) has completed a $9.7 million institutional share placement.
The placement of 64.9 million shares at $0.15 per share was significantly oversubscribed, Nexbis said.
The company has now issued 497,639,610 shares, Nexbis said. NBS is currently trading at $0.140.
Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.