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Grey Matters Health to raise C$800K for Alzheimer's imaging clinics via private placement

Company Fundamentals
20 Aug 2026
Proactive Investors
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Bullish
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Grey Matters Health announced plans to raise up to C$800,000 through a non-brokered private placement combining equity units and convertible debentures. The funds will support its Alzheimer's disease program and the launch of brain-specific neuroimaging clinics in the US. The offering includes C$500,000 from equity units priced at $0.40 each with warrants exercisable at $0.60, and C$300,000 from convertible debentures carrying 10% interest, convertible at $0.455 per share. The company aims to close the funding round by August 28, using proceeds for program advancement, administrative costs, and working capital.

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