Australia: Alcidion raises A$16.2m

Kate Quirke, managing director, Alcidion

Adelaide-headquartered health informatics company Alcidion Corporation has raised A$16.2m (US$11.2m) in an institutional placement on the ASX. It sold 90 million shares at A$0.18 per share – a 14.3% discount to the 10-day VWAP. The placement saw strong support from new and existing institutional investors, bringing several leading institutions onto Alcidion’s share register as cornerstone…

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