Compumedics Secures $1.9M for Sleep Test Expansion

Compumedics Limited (AU:CMP) has released an update.

Compumedics Limited has successfully raised $1.9 million to support the expansion of their Home Sleep Test (HST) Software as a Service strategy, particularly in the U.S. market. The capital will be used to hire additional sales staff and provide additional working capital to increase production and sales of their Somfit home sleep test devices. The company received strong support from both new and existing investors, with the funds raised from the issue of new shares at a discounted price.

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