The company placed shares at 2.75p a pop. The newly issued shares represent 11.1% of the issued share capital of Feedback.
Medical imaging software company () has tapped the market to raise £750,000.
The company placed shares at 2.75p a pop. Shares last night closed at 4.25p.
Funds from the placing will be used to invest in product development and sales & marketing – chiefly for TextRAD, Feedback's quantitative medical imaging software.
Any cash left over will be used for general working capital purposes.
The company placed 27.27mln shares, representing 11.1% of the enlarged issued share capital of Feedback.
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