Digital health company Adherium (ASX:ADR) has received firm commitments to raise a total of $900,000 through the issuance of approximately 900,000 convertible notes.
The company said that as part of the offering, investors will receive one attaching option for every two shares issued under the convertible notes. The capital raising has been supported by Phillip Asset Management and Trudell Medical, who have each committed $450,000.
Adherium said the funds raised will be used to support the ongoing roll-out of its proprietary Hailie Smartinhaler platform in the US and for general working capital purposes.
Adherium’s Hailie platform solution provides clinicians, healthcare providers and patients access to remotely monitor medication usage parameters and adherence, supporting reimbursement for qualifying patient management