- Telehealth company G Medical Innovations (GMV) has received firm commitments to undertake a $5 million placement
- To raise the funds, 100 million fully-paid ordinary shares will now issued to institutional and professional investors at a price of five cents each
- Shares are expected to issue on or around August 13
- G Medical will also use the money to scale-up its Independent Diagnostic Testing Facility (IDTF) operations
- The money will also go towards increasing its U.S. sales team
- G Medical is down 14.3 per cent and shares are trading for 5.4 cents each at 12:54 pm AEST
G Medical Innovations: Receives firm commitments for $5M placement
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