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An update from Osteopore Ltd. ( (AU:OSX) ) is now available.
Osteopore Ltd. has issued a Cleansing Notice related to the issuance of convertible notes under a subscription agreement with Advance Opportunities Fund. This agreement allows the company to raise up to $20 million through redeemable convertible notes, with the latest tranche amounting to $250,000. The issuance of these notes enables the company to convert them into fully paid ordinary shares, which can be sold to retail investors without further disclosure. This financial maneuver is significant for Osteopore as it provides additional capital to support its operations and potentially strengthens its market position in the medical technology sector.
More about Osteopore Ltd.
Osteopore Ltd. operates in the medical technology industry, specializing in the development and production of bioresorbable implants for bone regeneration. The company focuses on innovative solutions to aid in the natural healing process, targeting healthcare markets that require advanced surgical implants.
Average Trading Volume: 1,502,014
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$2.3M
For detailed information about OSX stock, go to TipRanks’ Stock Analysis page.