IXICO plc (GB:IXI) has released an update.
IXICO plc, a medical imaging analytics firm, has announced plans to raise at least £4.0 million by issuing new ordinary shares at a price of 9.5 pence each. This fundraising effort includes a placement for institutional investors, a subscription for directors, and a retail offer for existing UK shareholders. The capital raised will support the company’s expansion into the Alzheimer’s and Parkinson’s disease markets and is a strategic move towards achieving cash break-even and profitability in the medium term.
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