Nemaura Medical (NMRD) Announces $5M Non-Dilutive Funding
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Nemaura Medical Strengthens Balance Sheet with Further Non-Dilutive Funding
May 23, 2022 6:30 AM EDTLoughborough, England, May 23, 2022 (GLOBE NEWSWIRE) -- Nemaura Medical, Inc. (Nasdaq: NMRD), a medical technology company focused on commercializing a daily disposable wearable glucose sensor and supporting personalized digital coaching programs, announces today that it has secured $5 million in non-dilutive funding though a clean debt facility with no warrants or convertible elements. As part of the current financing, existing debt repayments have been deferred for nine months.
Given the current market conditions we believe that a loan of this type with no additional dilutive terms is a testament to... More
