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Pacific Edge launches NZ$24 million capital raise ahead of expected Medicare draft LCD
6:54am on Monday 11th of May, 2026 AEST
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Healthcare
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Pacific Edge launches NZ$24 million capital raise ahead of expected Medicare draft LCD
6:54am on Monday 11th of May, 2026 AEST
Key Points
NZ$24 million equity raise via placement and retail offer
FY26 revenue halved to NZ$11.5 million amid Medicare non-coverage
Medicare draft Local Coverage Determination expected by September 2026
Cash burn reduced to NZ$2.4 million per month in 2H FY26
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