Hydreight Technologies Secures $5.4 Million to Boost Growth
Hydreight Technologies Inc. Secures Significant Funding
Hydreight Technologies Inc. (TSXV: NURS), a leading mobile clinical network in North America, has successfully completed a private placement offering that yielded $5.4 million. This funding round involved issuing approximately 3.5 million units, each priced at $1.55. This strategic move is aimed at fortifying the company’s growth in providing integrated healthcare services through its extensive network of medical professionals.
Understanding the Offering and Investor Demand
The Offering drew considerable investor interest, exceeding initial forecasts. Shane Madden, the Company’s CEO, expressed gratitude for the robust support from the market, emphasizing the encouraging involvement of institutional investors.
Key Details of the Offering
Under the terms of the Offering, the Agent, Beacon Securities Limited, had the option to increase the total number of units sold. Ultimately, they exercised this option, resulting in the issuance of additional units that contributed to the substantial proceeds. The funds resulting from this Offering will primarily be used for sales growth, working capital, and other corporate necessities.
What the Funds Will Support
The capital collected from this Offering represents a crucial step in enhancing Hydreight's operational capabilities. The company aims to expand its services, which include direct patient care provided through a comprehensive network of over 2,500 nurses and more than 100 doctors, across several jurisdictions.
The Structure of the Offering
Each unit sold comprises one common share and one purchase warrant, allowing investors to buy additional shares at a set price of $2.00 for a period of three years. This structure not only invites participation but also offers a pathway for investors to deepen their stakes in Hydreight's growth.
Hydreight's Ambitious Mobile Healthcare Initiative
Hydreight Technologies is on a mission to revolutionize healthcare access with its mobile clinics. Its integrated platform facilitates a seamless connection between healthcare practitioners and patients, making it more convenient for both stakeholders. With a robust network across various states and a streamlined system for managing patient services, Hydreight innovatively bridges the existing gap in healthcare delivery.
Innovative Healthcare Solutions
The company's proprietary technology offers licensed professionals the tools necessary for efficient service delivery. From patient management to administrative tasks, Hydreight’s platform ensures that healthcare providers can focus on what matters most – the care of their patients.
A Vision for the Future
As Hydreight directs the newly raised funds towards expanding its operations, it is also committed to maintaining compliance and high standards of care. By empowering healthcare professionals and utilizing cutting-edge technology, Hydreight aims to become a dominant force in the mobile healthcare sector.
Contact and Further Information
For more information regarding the company and future initiatives, stakeholders can reach out to Shane Madden, Director and CEO of Hydreight Technologies Inc. Interested parties can contact him via email at ir@hydreight.com or by phone at (480) 790 6886.
Frequently Asked Questions
What is Hydreight Technologies Inc.?
Hydreight Technologies Inc. is a North American company that operates a mobile clinical network, integrating healthcare services provided by nurses and doctors.
How much was raised in the Offering?
The Offering raised a total of $5.4 million through the issuance of over 3.5 million units.
What will the funds from the Offering be used for?
The funds will be utilized to boost sales growth, working capital, and other corporate needs.
Who acted as the Agent for the Offering?
Beacon Securities Limited acted as the sole agent for the Offering.
How does Hydreight plan to expand its mobile healthcare network?
Hydreight intends to use the proceeds to enhance its technology platform and expand its clinical network of healthcare professionals.
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