Creo Medical (GB:CREO) has released an update.
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Creo Medical Group PLC, a medical device company, announces a fundraising initiative through a proposed placing and retail offer aiming to raise a minimum of £12 million and up to approximately £5 million respectively. This strategic move is to bolster the company’s working capital, support technology development, and strengthen their financial position for future growth. Upon successful completion, with additional funds from a recent subsidiary sale, Creo anticipates having over £40 million, positioning them to reach profitability.
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