Quantum Healthcare reallocates S$3 million placement proceeds to split funding between working capital, MedTech M&A
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Quantum Healthcare has reallocated S$3 million in placement proceeds, splitting the funds evenly between working capital and MedTech M&A. The S$1.5 million for working capital covers overheads like salaries and rent. The remaining S$1.5 million for M&A includes a S$600,000 advance to Aios Bio Sciences via a 12% interest promissory note, secured by a personal guarantee and a pledge of 10% equity, pending future deal execution.
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