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Cardiex Raises $3.25M Amid $2.94M Quarterly Cash Burn, Launches CONNEQT Pulse
5:57pm on Sunday 1st of June, 2025 AEST
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Healthcare
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Cardiex Raises $3.25M Amid $2.94M Quarterly Cash Burn, Launches CONNEQT Pulse
5:57pm on Sunday 1st of June, 2025 AEST
Key Points
Quarterly cash outflow of $2.94 million driven by R&D and operational costs
Raised $3.25 million through a placement, including director participation
Commenced deliveries of CONNEQT Pulse units to U.S. customers
Reduced debt following receipt of 2024 R&D Tax Incentive refund of $1.46 million
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