Oneview Healthcare's new funding initiative

Oneview Healthcare PLC (ASX:ONE) has initiated a Security Purchase Plan (SPP) allowing eligible securityholders to buy up to A$30,000 in new CHESS depositary interests (CDIs). This follows a successful institutional placement raising approximately A$20 million. The SPP aims to gather up to A$2 million, supporting growth and strategic initiatives.

Overview of Oneview Healthcare's strategic SPP

Oneview Healthcare PLC has announced a Security Purchase Plan (SPP) to allow eligible securityholders to buy up to A$30,000 worth of new CHESS depositary interests (CDIs) without transaction costs. This initiative follows a successful institutional placement that raised around A$20 million. The SPP is open to eligible securityholders in Australia, New Zealand, and Ireland, but excludes those in the United States. The issue price for the CDIs is A$0.290, representing discounts to recent trading prices. Key dates include the opening of the SPP on 22 November 2024 and closing on 9 December 2024. The funds will be used to bolster the company's financial position, support growth initiatives, develop AI strategies, and expand sales in North America. Oneview reserves the right to scale back applications or increase the offer size at its discretion.

Executive commentary on SPP launch

The proceeds from this capital raising will be instrumental in strengthening our balance sheet, advancing our AI strategy, enhancing our internal configuration tooling, and expanding our sales execution in the United States and Canada through our partnership with Baxter.