Fundraising lays path to cash flow positivity

Creo Medical has conducted a placing, subscription, and open offer raising a total of £33.7mln gross. In February the company announced the issue of 13,136,800 new Ordinary shares through subscription, and 129,363,200 through a placing at £0.20/share. Fully realised, Creo raised a total of £28.5mln before expenses. Further, Creo offered 26,048,909 open offer shares at £0.20/share, raising £5.2mln.