Singular Health Group Ltd (AU:SHG) has released an update.
Singular Health Group Ltd has announced a substantial follow-on investment of AUD$773,000 by Marin & Sons LLC, their largest shareholder, at a premium share price of AUD$0.16. Marin & Sons has also revised their compensation structure to a success-based model, tying remuneration to a minimum contract value of USD$1,000,000 over 18 months with a managed service organization in the US. This move reflects strong confidence in Singular Health’s software and its commercial prospects, particularly in the US healthcare sector.
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