Orbital Corporation (ASX:OEC) to Raise AUD 4.0 Million at a Premium Funds

<WIRE> Orbital Corporation (ASX:OEC) to Raise AUD 4.0 Million at a Premium Funds

Tuesday, 26 September 2023

Orbital Corporation (ASX:OEC) has announced it will raise AUD 4.0 million at a premium as part of its funds to advance engine development.

The raise was cornerstoned by a new investor.

In other news, Todd Alder has relinquished his roles as Managing Director and CEO of Orbital Corporation (ASX:OEC).

The company has chosen Andrew Mills as interim CEO.

The capital raising will take place at an issue price of AUD 0.14 per share.

Orbital Corporation (ASX:OEC) is a company that focuses on the development and manufacturing of advanced engine and vehicle systems.

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<WIRE> Orbital Corporation (ASX:OEC) to Raise AUD 4.0 Million at a Premium Funds

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