Predictmedix AI (CSE:PMED) Expands U.S. Market Reach with C$1 Million Private Placement

February 12, 2025 12:33 PM AEDT | By Team Kalkine Media

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Predictmedix AI (CSE:PMED) Expands U.S. Market Reach with C$1 Million Private Placement — Image source: shutterstock

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Highlights

Predictmedix AI (CSE:PMED) initiates a C$1 million private placement to support U.S. expansion.

Funds will drive AI-powered health solutions across enterprise and government sectors.

The offering includes 50 million units at C$0.02 per unit, with warrants exercisable at C$0.05.

Predictmedix AI (CSE:PMED), a company specializing in AI-driven health screening technology, has announced plans for a non-brokered private placement aimed at raising up to C$1 million. The initiative is expected to accelerate the company's expansion efforts in the United States, enhancing its presence across various industries, including enterprise and government sectors.

The proceeds from this offering will be allocated toward general working capital and further development of the company’s AI-powered health management solutions. With a growing demand for innovative screening technologies, this funding is poised to strengthen the company’s market position and operational capabilities.

As part of the offering, up to 50 million units will be issued at a price of C$0.02 per unit. Each unit will comprise one common share and one common share purchase warrant. The warrants, valid for 24 months post-closing, will enable holders to acquire additional shares at C$0.05 per share, presenting an opportunity for future growth participation.

Rahul Kushwah, Chief Operating Officer of Predictmedix AI (CSE:PMED), highlighted the strong interest the placement has already garnered, emphasizing that commitments toward the offering have started to materialize. This development signals confidence from investors and stakeholders in the company’s vision and technological advancements.

With artificial intelligence playing an increasingly vital role in the healthcare and workplace safety sectors, the company remains focused on driving innovation through its AI-driven screening solutions. These solutions are designed to enhance efficiency, accuracy, and accessibility in health monitoring across various industries.

The strategic direction aligns with broader industry trends, where AI-powered diagnostics and health screening continue to gain traction. By leveraging this capital raise, Predictmedix AI (CSE:PMED) is set to scale its operations, bringing its technology to a wider audience and fostering adoption within key markets.

As the company moves forward with this initiative, market participants are closely watching how these funds will contribute to expansion efforts and the ongoing evolution of AI-powered healthcare solutions.

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