Medical Developments International Limited (AU:MVP) has released an update.
Medical Developments International Limited (MVP) has announced the successful completion of a significant funding round, securing A$6.9 million through an institutional placement and entitlement offer. The fundraising attracted strong support, with an 82% uptake by eligible institutional shareholders and the addition of several new institutional investors. The capital raised will be directed towards advancing the company’s growth strategy, with new shares expected to be settled and issued in early August 2024.
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