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Feedback taps the market to fund development and marketing of TexRAD

The company placed shares at 2.75p a pop. The newly issued shares represent 11.1% of the issued share capital of Feedback.

Proactive

Medical imaging software company Feedback plc (LON:FDBK) has tapped the market to raise £750,000.

The company placed shares at 2.75p a pop. Shares last night closed at 4.25p.

Funds from the placing will be used to invest in product development and sales & marketing – chiefly for TextRAD, Feedback's quantitative medical imaging software.

WATCH: Zak Mir on Feedback

Any cash left over will be used for general working capital purposes.

The company placed 27.27mln shares, representing 11.1% of the enlarged issued share capital of Feedback.

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