Medlab Clinical (AU:MDC) has released an update.
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Medlab Clinical reports a challenging first quarter of 2025, with no cash receipts and a closing cash balance of just $15,000. The company is in talks to acquire a business and aims to re-purpose its ASX listing, with plans to initiate re-compliance following the transaction. Financial expenditures for the quarter totaled $95,000, mainly for corporate expenses.
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