Friday, August 1, 2025

Latest

Relay Medical Receives $3.0 Million From Option And Warrant Exercises

Relay Medical (CSE: RELA) last night announced that the company has seen total cash inflows from investors of $3.0 million. The inflows follow the exercise of both warrants and options, given the recent rise in the pricing of the firms equity.

All told, a total of 9.4 million common share purchase warrants and 1.9 million options were exercised by investors recently. Proceeds from the exercises will be used for general working capital purposes.

The advent of these exercises further strengthens the firms financial position, which was already in an excellent spot following an $8.6 million private placement completed by the firm last month. That placement saw a total of 42.9 million units sold at a price of $0.20 per unit, for gross proceeds of $8,572,500.

Relay Medical last traded at $0.63 on the CSE.


FULL DISCLOSURE: Relay Medical Corp is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Relay Medical Corp 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

Why Gold’s Bull Run May Just Be Getting Started! | Peter Grandich

Tariffs Spark New Race for Critical Metals | Rob McEwen

Antimony Resources: The Bald Hill Project

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

Relay Medical Forms Clinical, Strategic Advisory Boards

Relay Medical (CSE: RELA) early this morning announced that it has formed strategic boards to...

Tuesday, September 22, 2020, 08:41:45 AM

Relay Medical Joint Venture Sees COVID-19 Device Launched In Rural Texas Hospitals

Relay Medical Corp (CSE: RELA) this morning announced that its joint venture with Fio Corp,...

Monday, November 23, 2020, 08:15:11 AM

Relay Medical’s Joint Venture Signs High-Volume Manufacturing Partner For COVID-19 Test Device

Relay Medical Corp (CSE: RELA) early this morning released an update related to its joint...

Friday, October 2, 2020, 08:15:19 AM

Relay Medical Announces High-Volume COVID-19 Rapid Testing Solution

Relay Medical Corp (CSE: RELA) early this morning announced the launch of its high-throughput COVID-19...

Wednesday, January 20, 2021, 07:32:17 AM

Relay Medical Sees Joint Venture Awarded USAID Contract In Africa

Relay Medical Corp (CSE: RELA) continues to see success with its joint venture with that...

Tuesday, December 8, 2020, 07:09:11 AM