Nemaura Medical Restructures Finances, Board Members Change

Nemaura Medical Inc (NMRD) has issued an update.

Nemaura Medical Inc. has engaged in significant financial restructuring, converting a $314,000 outstanding balance into 4 million shares of common stock for Uptown Capital, LLC. Additionally, the company’s CEO, Dewan F.H. Chowdhury, received 7.45 million shares in lieu of unpaid salary and bonus, increasing the total common stock to over 40 million shares. Amidst these changes, the Board welcomed Dr. Ruhksana Qayyum and Asim Butt, both bringing a wealth of expertise and experience in chemistry and international business, respectively, following the resignation of two board members.

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