Wellington Drive Technologies seeks $5.4m from rights offer
UPDATE: Company says it has firm commitments to take up all rights, with the money intended to help weather Covid-19.
Energy-efficient motors and internet of things company Wellington Drive Technologies has announced a rights offer intended to raise $5.4 million to help it rebound from the impacts of Covid-19.
Chair John McMahon told today's virtual annual meeting the company already had "firm commitments and
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