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TruScreen Group Ltd. ( (AU:TRU) ) has issued an announcement.
TruScreen Group Ltd. has announced a capital raising initiative involving a placement of NZD$1,780,230 in newly issued ordinary shares to institutional and select investors, and a share purchase plan of NZD$1,220,796 for eligible shareholders in New Zealand and Australia. This move is expected to strengthen the company’s financial position without materially affecting its control structure, as the offer is structured to comply with relevant financial regulations in both countries.
More about TruScreen Group Ltd.
TruScreen Group Ltd. operates in the healthcare industry, focusing on the development and commercialization of real-time, non-invasive cancer detection devices. The company primarily targets medical professionals and healthcare institutions in New Zealand and Australia, aiming to provide innovative solutions for early cancer detection.
Average Trading Volume: 154,474
Technical Sentiment Signal: Buy
Current Market Cap: A$15.13M
For detailed information about TRU stock, go to TipRanks’ Stock Analysis page.