Adherium Ltd. (AU:ADR) has released an update.
Adherium Limited has successfully closed its non-renounceable entitlement offer, raising $6.8 million through the issuance of approximately 340 million new shares and options. The offer, underwritten by MST Financial Services Pty Ltd, saw a subscription shortfall that will be placed with the underwriter and selected investors. The funds raised will support Adherium’s growth as a leading digital health solutions provider in connected respiratory medical devices.
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