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Adherium Issues New Shares to Strengthen Market Position

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Adherium Issues New Shares to Strengthen Market Position

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Adherium Ltd. ( (AU:ADR) ) has shared an update.

Adherium Limited has announced the issuance of 71,005,701 fully paid ordinary shares without disclosure under the Corporations Act 2001. The company has complied with all relevant legal provisions and there is no excluded information that needs to be disclosed, indicating a transparent and compliant operation. This move could potentially enhance Adherium’s market positioning by strengthening its financial base, allowing further development and distribution of its digital health solutions.

More about Adherium Ltd.

Adherium is a leading provider of integrated digital health solutions, specializing in connected respiratory medical devices. Its flagship Hailie® platform offers tools for clinicians, healthcare providers, and patients to monitor medication adherence and usage, facilitating better management of respiratory diseases through data integration and sensor technology.

Technical Sentiment Signal: Sell

Current Market Cap: A$9.69M

Find detailed analytics on ADR stock on TipRanks’ Stock Analysis page.

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