Mach7 Technologies Completed $20 Million Placement

Mach7 Technologies Limited (ASX: M7T) has announced the completion of $20 million placement via equity placement to institutional and other sophisticated investors.

Under the equity placement, around 32,258,065 ordinary shares were issued at a price of 62 cents.

The funds raised through the placement would be used to accelerate the commercial activities within the Enterprise Imaging (EI) market worth ~ US$1 billion globally.

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