UniDoc Provides Update on Marketing Engagement

About this update from Unidoc Health Corp.

[{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / April 29, 2025 / UniDoc Health Corp. (CSE:UDOC)(FRA:L7T)(OTCQB:UDOCF) ("UniDoc" or the "Company"), provides an update on its renewed engagement of Rumble Strip Media Inc. ("Rumble").","length":246,"tagName":"p"},{"type":"text","content":"Further to the Company's news release of April 3, 2025, the Company believes that its renewed engagement of Rumble is in compliance with Policy 7.2 of the Canadian Securities Exchange (the "CSE") as the Company believes that the renewed engagement of Rumble is consistent with its financial resources and level of operations for the reasons outlined herein.","length":371,"tagName":"p"},{"type":"text","content":"Since its engagement with Rumble started in April 2024, the Company has expended approximately $3.84 million on Rumble's investor relations marketing services. Rumble's services have primarily consisted of the creation of digital landing pages highlighting information about the Company and undertaking digital marketing campaigns to increase potential investor awareness of the Company. The Company's rationale for incurring these marketing expenditures is to maximize its ability to convert outstanding warrants into cash. The Company was successful in this initiative and was able to convert the majority (over 90%) of the outstanding warrants resulting in gross proceeds of approximately $8.8 million.","length":717,"tagName":"p"},{"type":"text","content":"While the Company has begun commercial sales, and expects to increase its marketing budget for product awareness in the coming periods, the Company is not yet cashflow positive and cannot sustain operations from revenue alone. Since inception, it has relied on raising funds through the issuance of equity and exercise of in-the-money warrants, and will need to continue to do so going forward. The Company has raised a total of approximately $3.7 million from private placements and a further $9.7 million from the exercise of convertible securities since incorporation in 2021. The Company's ability to continue to raise capital through private placements and convertible securities depends in large part on maintaining liquidity in its stock, which is greatly assisted through undertaking investor awareness campaigns. The majority of the ~8.8 million in funds ...

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