FinTechFunding

PainChek: Raises $10M via placement

  • PainChek (PCK) has successfully raised $10 million via a placement
  • The healthcare company offered new shares to sophisticated and professional investors at a discounted price of 11 cents each
  • That represents a 15.4 per cent discount to PainChek’s last closing price of 13 cents per share on August 6
  • The funds raised through the placement will be towards the international expansion plan of its PainChek product in the U.S. and U.K.
  • The company has created an app which measures pain in non-verbal patients, such as those with dementia
  • PainChek shares are trading for 13 cents each
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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