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PreveCeutical closes fourth tranche of private placement, raising $215K to fund operations and research.

Company Fundamentals
04 Aug 2026
Newsfile Corp
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Bullish
PreveCeutical closes fourth tranche of private placement, raising $215K to fund operations and research.

PreveCeutical Medical Inc. has completed the fourth tranche of its non-brokered private placement, issuing 8.6 million units at $0.025 each, raising $215,000. This brings total proceeds from all four tranches to $1 million. Each unit includes one common share and half a warrant, allowing purchase of additional shares at $0.05 within two years, with an acceleration clause if share prices exceed $0.08. Funds will be used for loan repayments, legal and audit fees, patents, research, and general working capital. Securities issued are subject to a hold period and are not registered for sale in the U.S.

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