PainChek: Raises $10M via placement

August 11, 2020

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Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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