Business
PERIMETER MEDICAL IMAGING AI CLOSES LIFE OFFERING
PERIMETER MEDICAL IMAGING AI CLOSES LIFE OFFERING Canada NewsWire /NOT FOR DI...
About this update from Perimeter Medical Imaging Ai Inc
[{"type":"text","content":"\n\n\nPERIMETER MEDICAL IMAGING AI CLOSES LIFE OFFERING\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n\n\n\n\n\n\nCanada NewsWire\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/TORONTO, May 5, 2026 /CNW/ - Perimeter Medical Imaging AI, Inc. (TSXV: PINK) (OTCQX: PYNKF) (\"Perimeter\" or the \"Company\"), a commercial-stage medical technology company, is pleased to announce the successful closing of its previously announced \"best efforts\" offering, pursuant to the listed issuer financing exemption (the \"Life Offering\"), of 19,533,500 units of the Company (the \"Units\") at a price of $0.35 per Unit (the \"Issue Price\") for aggregate gross proceeds of approximately C$6,836,725. The Company expects to issue an additional 1,955,500 Units, for additional gross proceeds of C$684,425, in a final tranche of the Life Offering on or about May 6, 2026, to bring the total offering up to the maximum offering size of 21,489,000 Units (C$7,521,150).Each Unit is comprised of one common share in the capital of the Company (each, a \"Common Share\") and one Common Share purchase warrant (each, a \"Warrant\"). Each Warrant entitles the holder to acquire one Common Share until May 5, 2031 at an exercise price of C$0.50 per Common Share. Paradigm Capital Inc. acted as lead agent and sole bookrunner, together with Brookline Capital Markets, a division of Arcadia Securities, LLC (collectively, the \"Agents\"), in connection with the Life Offering.The Company also expects to complete additional closings of its previously announced concurrent non-brokered private placement (the \"Concurrent Debenture Offering\") of convertible debentures of the Company of up to US$3.0 million for aggregate gross proceeds of up to US$5.0 million (inclusive of the previously closed tranche as announced on April 28, 2026). The Company expects to raise aggregate proceeds of up to approximately C$14.42 million from the Life Offering together with the Concurrent Debenture Offering.\"We are excite...