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Feedback PLC Targets Growth with £5.2 Million Fundraising

Feedback PLC Targets Growth with £5.2 Million Fundraising

Feedback (GB:FDBK) has released an update.

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Feedback PLC has announced plans to raise approximately £5.2 million through a placing of new shares and an additional £70,500 via subscription, with a retail offer aiming to raise up to £1 million. The funds will be used to expand the rollout of their clinical platform Bleepa, enhance its functionalities under a collaboration with a UK primary care partner, and provide working capital. This strategic move is aimed at driving growth and enhancing patient referral capabilities within the NHS framework.

For further insights into GB:FDBK stock, check out TipRanks’ Stock Analysis page.

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