Tuesday, September 9, 2025

CloudMD Closes Financing, Raising $3.02 Million In Aggregate

CloudMD Software & Services (CSE: DOC) this morning has closed the second and final tranche of its previously announced private placement lead by Gravitas Securities. The tranche consisted of a total $683,199.68 in funds for the telemedicine focused firm.

In total, the financing conducted resulted in the sale of 6,298,615 units at a price per unit of $0.48. Each unit consists of one common share and one half of one common share purchase warrant with an exercise price of $0.70 for a period of two years. Collectively, the financing resulted in gross proceeds of $3.02 million for CloudMD despite it occurring during the global economic downturn brought on by the coronavirus pandemic.

103,714 compensation warrants were issued in connection with the second tranche of the financing. 79,020 of those warrants contain an exercise price of $0.48, while remainder have an exercise price of $0.70, both of which are for a period of two years.

Funds raised in connection with the financing are to be used for capital expenditures and general corporate purposes.

CloudMD Software & Services last traded at $0.49 on the CSE.


FULL DISCLOSURE: CloudMD Software & Services is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover CloudMD Software & Services on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

Avino Q2 Earnings: Steady As She Goes

MEG Energy: Cenovus Comes In With $7.9 BILLION Offer

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Recommended

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

ESGold Outlines $24.3 Million NPV For Tailings Reprocessing Project

Related News

CloudMD Telehealth Platform Increases Onboarding

CloudMD Software & Services (CSE: DOC) announced this morning that they are currently in the...

Monday, March 9, 2020, 07:52:56 AM

CloudMD Expands Telemedicine Solutions Into US Market With Significant Partnership

CloudMD Software & Services (CSE: DOC) this morning announced that it has entered into an...

Thursday, May 7, 2020, 08:01:51 AM

CloudMD To Conduct Review On VisionPros Purchase Following Receipt Of Claims

It appears that CloudMD’s (TSXV: DOC) $60 million acquisition of VisionPros last year is already...

Monday, January 24, 2022, 08:31:06 AM

CloudMD Sees CEO Step Down From Role, Remain As Director

As the bottom falls out of the telehealth and telemedicine sector, we’re now starting to...

Wednesday, April 6, 2022, 08:32:53 AM

CloudMD Sells Several Assets At A Loss To Well Health

CloudMD Software & Services (TSXV: DOC) is apparently in the process of selling off certain...

Tuesday, October 11, 2022, 09:32:29 AM