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.