IPO - UUV Aquabotix Ltd, page-208

Thanks for that article @Galba it was a good read on IPO's in general, many good points including this one which is very relevant to UUV.
"Investors who have studied what to look for in an IPO know that how the funds raised will be used is an important consideration. Ideally, the company already has a successful product or service in place and will use IPO proceeds for marketing and sales force expansion. That is the next step for Visioneering."