Nemaura Medical, Inc. (NASDAQ: NMRD) (“Nemaura” or the “Company”) today announced it has entered into a definitive agreement with two healthcare-focused U.S. institutional investors to sell 4,796,206 shares of its common stock (the “Shares”), pursuant to a registered direct offering (the “Registered Direct Offering”), and warrants to purchase up to 4,796,206 Shares (the “Warrants”), in a concurrent private placement (the “Private Placement”).
January 27, 2023
· 6 min read