Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Vitasora Health ( (AU:VHL) ) has shared an announcement.
Vitasora Health Limited announced an $11 million capital raise through a placement, with funds received in two tranches. The first tranche of $3.72 million has been settled, and the second tranche will follow after an EGM in August 2025. The capital will support expanded clinical operations, technology enhancements, and business development, ensuring the company is funded through to cash flow breakeven in the second half of FY2026. This financial boost is expected to bolster Vitasora’s growth and commercial rollout, strengthening its position in the healthcare industry.
More about Vitasora Health
Vitasora Health Limited is a pioneering company in the U.S. healthcare market, specializing in AI-powered Connected Care solutions. The company offers remote patient monitoring (RPM) and chronic care management (CCM) services, aiming to improve healthcare outcomes and reduce costs. Vitasora integrates advanced technologies into existing healthcare systems, enhancing efficiency and patient care, particularly in chronic disease management.
YTD Price Performance: -63.86%
Average Trading Volume: 1,128,236
Technical Sentiment Signal: Sell
Current Market Cap: A$47.31M
For an in-depth examination of VHL stock, go to TipRanks’ Overview page.