Nuheara: Successfully raises $4.5M to continue sales growth
- Nuheara (NUH) has successfully completed a $4.5 million capital raise to continue its strong sales growth
- Through the raise, Canaccord Genuity bought $1.5 million worth of shares in the company
- The funds will also used to build Nuheara’s direct to consumer (DTC) sales in North America, the U.K. and Europe through advertising
- Funds will also be used to improve the inventory for the newly released IQbuds Max
- Pleasingly, the company exceeded its original $2.5 million target in the raise
- Nuheara’s shares closed 9.52 per cent in the red, to trade for 1.9 cents per share
