MyHealthChecked plc
(AIM: MHC), the consumer home-testing healthcare company, announces its intention to conduct an accelerated bookbuild (the "Bookbuild") to raise proceeds of approximately £3 million by way of a placing (the "Placing") of, and subscription (the "Subscription") for, new ordinary shares of £0.001 each in the Company ("Ordinary Shares").
Proceeds will be used to launch the Company's current products into the retail sector and develop a pipeline of new products, alongside a smartphone app in order to capture data. MyHealthChecked is looking to increase its headcount to support these commercial activities, more than doubling its team by December 2022 and increasing the required marketing investment to accelerate commercial growth.