RoboStrategy Shares Up After Raising $33.9M in Private Share Sale

About this update from Robostrategy, Inc.

By Anvee BhutaniShares of RoboStrategy advanced after the robotics investment company raised about $33.9 million through a series of private share sales to institutional investors.The stock was up 12% to $35.18 in late morning trading on Monday. Shares have gained more than 50% in the past month.The company issued about 1.35 million shares at a weighted average price of $25.17 each in private placements completed between June 26 and June 29, the company said.Proceeds will be used to fund follow-on investments and other capital deployments across its portfolio of private robotics and physical artificial intelligence companies, RoboStrategy said.Write to Anvee Bhutani at [email protected]

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