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MedAdvisor Completes Oversubscribed Share Purchase Plan

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MedAdvisor Completes Oversubscribed Share Purchase Plan

Confident Investing Starts Here:

MedAdvisor Limited ( (AU:MDR) ) just unveiled an update.

MedAdvisor Limited has successfully completed its Share Purchase Plan (SPP), raising A$2.668 million, exceeding its initial target of A$2 million. This funding will support the company’s strategic initiatives and provide additional working capital, with the new shares set to begin trading on 16 May 2025. The company also plans to hold an Extraordinary General Meeting to approve shares committed by directors in a previous placement.

The most recent analyst rating on (AU:MDR) stock is a Hold with a A$0.21 price target. To see the full list of analyst forecasts on MedAdvisor Limited stock, see the AU:MDR Stock Forecast page.

More about MedAdvisor Limited

MedAdvisor Limited is a global company focused on pharmacy-driven patient engagement. The company provides solutions aimed at enhancing patient interactions with pharmacies, contributing to improved healthcare outcomes.

Average Trading Volume: 727,777

Technical Sentiment Signal: Sell

Current Market Cap: A$59.17M

Find detailed analytics on MDR stock on TipRanks’ Stock Analysis page.

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