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Vitura Secures $5.1M from Charlie Shahin to Fuel Candor Medical Acquisition
8:41am on Monday 2nd of June, 2025 AEST
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Healthcare
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Vitura Secures $5.1M from Charlie Shahin to Fuel Candor Medical Acquisition
8:41am on Monday 2nd of June, 2025 AEST
Key Points
Raised $5.17 million via share placement to Professor Khalil Shahin
Shares issued at 10% discount, representing 11.4% ownership
Funds primarily allocated to $4 million initial payment for Candor Medical acquisition
Acquisition expected to materially boost revenues and EBITDA in FY2025
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