Positron Corporation raises USD 2M 

Positron Corporation announced it has accepted $2.0 million in capital in exchange for 1,333,333 shares of the Company’s stock.

The proceeds from the financing will be used to accelerate Positron’s commercial expansion and advance key strategic objectives, including product development, regulatory activities, and pursue new markets. The capital raise further enhances the Company’s ability to meet increasing demand for advanced cardiac PET imaging solutions.

Adel Abdullah, President of Positron Corporation stated, “We are encouraged by the continued support from investors, which reflects growing confidence in Positron’s strategy and long-term growth potential,” Mr. Abdullah added, “An improved balance sheet positions the Company to expand its market presence, increase system placements, and advance the next generation of our PET-CT technology.”

The Company believes this capital will support its near-term growth initiatives while positioning Positron for longer-term opportunities, including new markets and new product introductions and clinical and service offerings.
MB Bureau