Financing ·
Basel Medical prices registered direct offering of 6M units at $1.33 for up to $7.98M gross
BMGLBasel Medical Group Ltd
Basel Medical Group Ltd priced a registered direct offering of 6,000,000 units at US$1.33 per unit, raising up to US$7.98 million in gross proceeds and approximately US$7.28 million in net proceeds. Each unit consists of one ordinary share or pre-funded warrant and one common warrant exercisable for an additional ordinary share. The company intends to use the net proceeds for general working capital, mergers and acquisitions, and other corporate purposes. Basel Medical Group Ltd operates as a Singapore-based provider of orthopedic, trauma, sports medicine, and neurosurgical healthcare services.