- Shekel Brainweigh (SBW) has secured an additional US$5 million (roughly A$6.57 million) in funding from an investor
- The extra funds will come from Yavneh Group, an Israeli co-operative that’ve signed a convertible note agreement with Shekel
- Shareholders will need to sign off on the note agreement, with each note to have a face value of US$1 (about A$1.31) and a four-year maturity date
- The investment will help strengthen SBW’s balance sheet and help them to execute an aggressive growth plan
- Shekel previously raised $2.1 million in capital via a placement to investors back in January this year
- SBW shares are trading down 3.57 per cent at 13.5 cents each
