The company accepted some oversubscriptions as the initial plan was to raise $6.4 million.
The raising was priced at $0.20 and also comprised a A$9.7 million placement, for a total raise of around $16.7 million.
Shares last traded a $0.23, a premium to the offer.
RedFlow produces a unique modular zinc-bromide flow battery which provides cost effective, safe energy utilisation and storage.
Making sales is the company’s prime focus for 2015… read more