Advanced Health Intelligence (ASX:AHI) has received strong support for a placement raising up to $2,142,500 across three tranches:
The Company confirms that Tranche 1 of the placement has settled, seeing the company receive $1,500,000 from Quarters Academy Sdn Bhd
The funds for Tranche 2 of the Placement have been received by the company, and it is intended that these Shares will be issued within the next week.
AHI will use the net proceeds received from the placement primarily for the company’s current expansion into the MENA region, continued expansion across Asia, development of the company’s product offerings, and business development and marketing, with the remainder of the proceeds to be used for general corporate purposes, including, without limitation, investing in or acquiring companies that are complementary to AHI’s existing business.
Advanced Health Intelligence (AHI) delivers scalable health assessment, risk stratification and digital triage capabilities to healthcare providers, insurers, employers, and government agencies worldwide via its proprietary technology and processes.