MedX Health Corp. Raises $527,500 in Private Placement for Telemedicine Platform
MedX Health Corp., a trailblazer in non-invasive skin assessment and teledermatology, has initiated a non-brokered private placement, raising $527,500 in the initial closing. The company aims to raise a total of $2,500,000, with the deadline extended to November 7, 2025.
The initial closing involved the issuance of 7,033,000 units at $0.075 per unit, each consisting of one common share and one-half of a share purchase warrant. These warrants are exercisable at $0.10 per share for one year from the date of issue. Certain insiders may participate in the placement, exempt from formal valuation and minority shareholder approval requirements.
Qualified agents will receive an 8% cash commission and 8% agent's warrants for subscriptions they introduce. MedX Health Corp. plans to use the funds raised for the continued development of its SIAscopy on DermSecure telemedicine platform and general corporate purposes. The company, with products cleared in 38 territories worldwide, is seeking to attract larger institutional investors during the extended placement period.
MedX Health Corp. has successfully completed the initial closing of its private placement, with plans to raise a total of $2,500,000 by November 7, 2025. The funds will support the development of its telemedicine platform and general operations. The company is actively seeking institutional investors to participate in this placement.
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