Nuheara Completes $1.06m SPP
- Hearing technology company Nuheara (NUH) completes its share purchase plan (SPP) with applications totalling more than $1.06 million
- Eligible shareholders were able to subscribe for up to $30,000 worth of shares at an issue price of 1.6 cents
- On December 23, the company announced it would be undertaking a $7.6 million capital raising, consisting of an institutional investment, placement and a SPP
- The company said it would use the money from the capital raising to support growth opportunities, including obtaining 510(k) approval for a wireless hearing aid
- Shares in Nuhear a are down 2.94 per cent on the market and are trading at 1.7 cents
