Perimeter Medical Imaging AI Raises $5.35 Million in Prospectus Offering

Perimeter Medical Imaging AI ( (TSE:PINK) ) has issued an update.

Perimeter Medical Imaging AI, Inc. has successfully closed the final tranche of its prospectus offering, raising a total of approximately $5.35 million. The funds will be used to advance the commercialization of their technology, establish clinical evidence, and continue product development, which could strengthen their market position and benefit stakeholders by enhancing their innovative imaging solutions for cancer surgery.

The most recent analyst rating on (TSE:PINK) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on Perimeter Medical Imaging AI stock, see the TSE:PINK Stock Forecast page.

Spark’s Take on TSE:PINK Stock

According to Spark, TipRanks’ AI Analyst, TSE:PINK is a Neutral.

Perimeter Medical Imaging AI’s score reflects strong revenue growth and strategic achievements balanced against significant financial challenges, such as ongoing losses and negative cash flow. While technical indicators suggest bearish trends, positive corporate developments, and strategic advances offset some risks. Continued focus on profitability and capital management is crucial for future improvements.

To see Spark’s full report on TSE:PINK stock, click here.

More about Perimeter Medical Imaging AI

Perimeter Medical Imaging AI, Inc. is a medical technology company based in Toronto, Canada, and Dallas, Texas, focused on transforming cancer surgery through advanced imaging tools. Their FDA-cleared Perimeter S-Series OCT system offers real-time, cross-sectional visualization of excised tissues at the cellular level, while their investigational Perimeter B-Series OCT with ImgAssist AI is in clinical trials, supported by a significant grant from the Cancer Prevention and Research Institute of Texas.

Average Trading Volume: 145,503

Technical Sentiment Signal: Sell

Current Market Cap: C$23.75M

Learn more about PINK stock on TipRanks’ Stock Analysis page.