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Feedback taps the market to fund development and marketing of TexRAD

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
TexRAD is Feedback's patented quantitative medical imaging software

Medical imaging software company Feedback plc (LON:FDBK) 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.

WATCH: Zak Mir on Feedback

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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Quick facts: Feedback PLC

Price: 1.25 GBX

LSE:FDBK
Market: LSE
Market Cap: £6.75 m
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Restructure sees Feedback Plc positioned for growth

Alastair Riddell, chairman of Feedback plc (LON:FDBK), tells Proactive's Andrew Scott they've merged two of their subsidiaries as part of plans to restructure and simplify the business. Feedback snapped up Cambridge Computed Imaging and TexRAD back in 2014 and both have been operating as...

on 19/4/18

2 min read