Technology company Panorama Synergy (ASX:PSY) has revealed it raised just under $1.5 million in its recent share purchase plan.
The company, which has developed a photonics technology with possible applications in telecom, entertainment, education and healthcare, has allocated 19.5 million new shares at an issue price of $0.075 per share.
PSY shares were flat on Tuesday at $0.080.
Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.