The corporate team at Penningtons Manches Cooper is advising Stanford Capital as broker and Allenby Capital as nominated adviser to Feedback plc on a £5.05 million conditional placing and an associated open offer to raise up to £540,000.
Feedback plc are a specialist medical imaging technology company and will be using this fundraising to develop their flagship product, Bleepa®. This is an innovative app based on Feedback's Cadran technology, which allows medical staff to securely view and discuss high quality medical grade images on mobile devices.
The transaction is subject to shareholder approval.
London-based corporate partner, Seb Orton, is leading on this deal with assistance from associate Hannah Shamsolmaali.