4DMedical Raises AU$150 Million via Placement; Shares Down 4%
MT Newswires Live
Jan 15
4DMedical (ASX:4DX) received firm commitments to raise AU$150 million through a placement of 20.8 million shares at AU$3.80 apiece, according to a Thursday filing with the Australian bourse.
The capital raise involves a AU$79.1 million placement of new shares and a AU$70.9 million block trade of existing shares on issue, the filing said.
Proceeds will be mainly used to advance the commercialization of the company's CT:VQ software technology product in the US, per the filing.
Shares fell 4% in midday trade on Thursday.
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