- Perimeter Medical Imaging AI (OTCPK:PYNKF) said it intends to raise C$13.5M through a non-brokered private placement of up to 32.18M shares at C$0.42 apiece.
- In connection with the offering, the firm has entered into binding subscription agreements with certain existing institutional and accredited investors, including its single largest shareholder, Social Capital.
- The expected subscription proceeds come to a total of ~$9.7M.
- In connection with the investment by Social Capital, the latter can nominate up to two individuals for appointment to the board of directors of the company.
