Nuheara to raise funds for IQbuds production
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Nuheara plans to raise up to $5 million to support the production of its IQbuds wearable technology, which it plans to launch in January.
The price represents a 12 per cent discount to the company’s 30-day volume-weighted average price.
The funds will be used for the production and marketing of its IQbuds, which are scheduled for launch at the Consumer Electronics Show in Las Vegas in January.
Nuheara shares were worth 8.1 cents each prior to the trading halt.