middle.news
Pacific Edge Raises NZ$20M to Reclaim Medicare Coverage and Boost US Growth
1:20am on Monday 2nd of June, 2025 AEST
•
Healthcare
Read Story
Pacific Edge Raises NZ$20M to Reclaim Medicare Coverage and Boost US Growth
1:20am on Monday 2nd of June, 2025 AEST
Key Points
NZ$20 million capital raise via NZ$15 million placement and NZ$5 million retail offer
Share price set at NZ$0.10, a premium to recent trading levels
Medicare coverage ceased in April 2025, impacting majority of US revenue
Funds to extend cash runway beyond 12 months and support Medicare re-coverage efforts
Read Story
middle.
Tap to Read
Tap the card to read the full analysis
about
Pacific Edge (ASX:PEB)
OPEN ARTICLE