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MyndTec, Inc. ( (TSE:MYTC) ) just unveiled an announcement.
MyndTec Inc. has announced a non-brokered private placement offering of up to 7,500,000 units at $0.20 per unit to raise $1,500,000. The proceeds will be used for general corporate purposes, including working capital and development of machine learning models. The offering is subject to necessary approvals and will be available in Canada, the United States, and other jurisdictions under applicable laws. This initiative aims to strengthen MyndTec’s financial position and support its corporate development and marketing strategies, potentially enhancing its industry standing and operational capacity.
More about MyndTec, Inc.
MyndTec is a medical technology company listed on the Canadian Securities Exchange, specializing in the development of neurological treatment and rehabilitation technologies. The company is focused on optimizing neurostimulation therapies with its AI-powered MyndLink software platform, initially targeting improvements in patient selection and outcomes for chronic pain treatments such as Spinal Cord Stimulation. MyndTec leverages its expertise with the FDA-cleared and Health Canada-approved MyndMove device for rehabilitation.
YTD Price Performance: -50.0%
Average Trading Volume: 815
Technical Sentiment Consensus Rating: Buy
For an in-depth examination of MYTC stock, go to TipRanks’ Stock Analysis page.