iTWire - MedAdvisor closes $5.25 million capital raising
iTWire Friday, 07 May 2021 11:14 MedAdvisor closes $5.25 million capital raising Shares Robert Read, MedAdvisor CEO and Managing Director Australian-listed medtech company, MedAdvisor has closed a $5.25m capital raise via a placement, with the funds to be used to accelerate US growth initiatives. MedAdvisor (ASX: MDR) says it expects to pass $55 million in revenue this calendar year and the funds raised will also help drive the business towards cash flow breakeven. The equity raise was done at 30 cents per share, representing a 7.1% premium to the last traded price of Med...