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Vitura Secures $5.1M from Charlie Shahin to Fuel Candor Medical Acquisition
9:07am on Wednesday 12th of February, 2025 AEDT
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Healthcare
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Vitura Secures $5.1M from Charlie Shahin to Fuel Candor Medical Acquisition
9:07am on Wednesday 12th of February, 2025 AEDT
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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