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Control Bionics Launches $2.06M Rights Issue to Accelerate NeuroStrip Rollout

2:17am on Saturday 30th of August, 2025 AEST Medical Devices
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Control Bionics Launches $2.06M Rights Issue to Accelerate NeuroStrip Rollout

2:17am on Saturday 30th of August, 2025 AEST
Key Points
  • Pro rata non-renounceable rights issue to raise $2.06 million at 3.5 cents per share
  • Offer underwritten to about $1.15 million by major shareholders and partners
  • Funds to support NeuroStrip commercial rollout and expand NeuroNode capacity
  • Ongoing clinical trials and marketing initiatives in Australia and the US
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