Advanced Human Imaging Ltd. (AU:AHI) has released an update.
Advanced Health Intelligence Ltd. has initiated a comprehensive funding strategy, securing AUD$1.95 million through a private placement and arranging further capital through convertible notes and an R&D advance, aiming to bolster its expansion in Asia and the MENA regions. The company is addressing its Nasdaq compliance issue and is focusing the raised funds on product development, regional growth, and potential strategic acquisitions. Shareholder approval is sought for the additional issuances at the upcoming general meeting.
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