Nanollose Completes $1.05M Capital Raise to Boost Commercialization Efforts
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Nanollose Ltd. has successfully raised $1.05 million through the placement of Shortfall Shares to enhance its capital flexibility and support commercialization efforts. This funding will aid in advancing its Nullarbor fibers and expanding pilot production in collaboration with Birla Cellulose. The capital raise strengthens Nanollose's position in the biomaterials industry, focusing on eco-friendly fibers and materials produced from agricultural waste.
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