MyFiziq: Receives US$450,000 to progress Nasdaq listing
- MyFiziq has received the second tranche payment of a US$1.5M convertible note from Asia Cornerstone Asset Management
- The US$450,000 payment marks another funding milestone as the company seeks dual listing on the Nasdaq exchange
- If the Nasdaq listing falls through, MYQ will have six months to repay the capital
- Then the company has reduced its debts, rolled out its tech in two new platforms, increased its cash flow and created operating efficiencies
- MyFiziq Chief Financial Officer, Steven Richards, says the company has successfully navigated a tough time for the market
- MyFiziq is down 5.4 per cent today, with shares trading for 26.5 cents each as at 12:30 pm AEST
