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Advanced Human Imaging ( (AU:AHI) ) has issued an update.
Advanced Health Intelligence Ltd. has secured a funding commitment of up to AUD$5.5 million from Oakley Capital Partners to support its reinstatement to trading on the ASX and future growth initiatives. The funding will be structured through a private placement and convertible note facility, forming a crucial part of AHI’s broader capital strategy. Additionally, AHI is pursuing further funding opportunities, including a potential USD$6 million from strategic investors and up to AUD$3 million in non-dilutive R&D grants, to ensure a robust cash position and support its global growth strategy. The company has also implemented cost-reduction measures to enhance capital efficiency and is actively working towards meeting ASX compliance requirements for reinstatement.
More about Advanced Human Imaging
Advanced Health Intelligence Ltd. operates in the health technology industry, focusing on providing advanced digital health solutions. The company is primarily engaged in developing innovative health assessment tools and technologies, aiming to enhance health intelligence and wellness monitoring for its users.
Technical Sentiment Signal: Sell
Current Market Cap: A$20.52M
Find detailed analytics on AHI stock on TipRanks’ Stock Analysis page.