DiagnaMed Holdings Corp. Closes Private Placement for Hydrogen and Life Sciences Technology Development
Key Ideas
- DiagnaMed Holdings Corp. closed a private placement by issuing 13,250,333 units for gross proceeds of $397,510, with each unit comprising a common share and a common share purchase warrant.
- The net proceeds from the offering will be used for research, development, and commercialization of hydrogen production and monitor technology, as well as the BRAIN AGE® Brain Health AI Platform.
- Chairman and CEO Fabio Chianelli subscribed for 850,000 units, demonstrating confidence in the company's direction and technology.
- The exempt participation of insiders like Mr. Chianelli in the offering was within regulatory limits and did not require a material change report filed 21 days prior to closing.
DiagnaMed Holdings Corp., a leading provider of technology solutions for the hydrogen and life sciences industries, has successfully closed a private placement. The company issued 13,250,333 units at $0.03 per unit, generating total proceeds of $397,510. Each unit includes a common share and a common share purchase warrant. The offering's net proceeds will support the research, development, and commercialization of hydrogen production and monitor technology, along with the BRAIN AGE® Brain Health AI Platform, in addition to general corporate needs. Chairman and CEO Fabio Chianelli personally subscribed for 850,000 units, contributing $25,500 to the company's funds. This insider participation qualifies as a related party transaction but is exempt from certain formal valuation and approval requirements due to the transaction's size relative to the company's market capitalization. DiagnaMed did not file a material change report in advance due to the recent determination of insiders' participation, which remained compliant with regulations.
Topics
Production
Research And Development
Technology Solutions
Related-party Transaction
Private Placement
Company Financing
Insider Participation
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