Advanced Health Intelligence Announced Earlier It Will Undertake AUD$5M Private Placement
Portfolio Pulse from Charles Gross
Advanced Health Intelligence Ltd (AHI) has agreed to issue 20,000,000 shares to Orca Capital GMBH, raising $5,000,000 at 25 cents a share. The proceeds will be used for product development, marketing, and general corporate purposes.
June 13, 2023 | 11:08 am
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AHI raises $5M through private placement with Orca Capital GMBH, which will be used for product development, marketing, and general corporate purposes.
The private placement will provide AHI with additional capital to invest in product development, marketing, and general corporate purposes. This could lead to increased growth and expansion for the company, potentially having a positive impact on its stock price in the short term.
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