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An announcement from Rewardle Holdings Ltd ( (AU:RXH) ) is now available.
Rewardle Holdings Ltd has announced an update on its investment in CloudHolter Pty Ltd, a rapidly expanding cardiac MedTech company. CloudHolter has raised approximately $4.75 million through convertible debt, valuing the company at $100 million. This development implies a market value of $49.9 million for Rewardle’s investment. The convertible note structure offers investors yield and protection while allowing CloudHolter flexibility in pursuing a trade sale or IPO. Rewardle remains confident in CloudHolter’s revenue growth and capital-raising capabilities, continuing to provide significant growth services to support its strategy.
More about Rewardle Holdings Ltd
Rewardle Holdings Ltd is involved in providing growth services and strategic investments, focusing on expanding its portfolio of future growth opportunities.
Technical Sentiment Signal: Buy
Current Market Cap: A$15.26M
Learn more about RXH stock on TipRanks’ Stock Analysis page.