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PainChek Ltd (ASX:PCK)

ALERT: Price-sensitive ASX Announcement for PCK
Current share price for PCK : $0.099 -0.031 (-23.85%)+
Release
22 May 2026 9:05AM
Price at Release
$0.130
Full Release
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Summary
PainChek Ltd has announced a A$5.5 million convertible note financing to support its expansion into the US market, specifically aimed at enhancing sales and maintaining working capital. The financing involves the issuance of unsecured convertible notes to existing sophisticated investors, featuring a 12-month maturity at a conversion price of $0.195 per share with monthly interest payments. The funds will be utilized to improve trading performance and execute key commercial strategies, bolstered by the strategic Sabra agreement for aged care homes in the US. PainChek's AI-driven medical device, which is regulatory-cleared in several countries, facilitates advanced pain assessment and management.
Key Points
  • PainChek Ltd secures A$5.5 million convertible note financing.
  • Funds will support US sales expansion and general working capital.
  • Notes have a 12-month maturity with a conversion price of $0.195.
  • Interest payable monthly at 12% per annum.
  • Notes are non-transferable except to related entities or associates.
  • Attaching free options will be issued to noteholders upon conversion.
  • Funds to improve trading performance and commercial initiatives.
  • PainChek's AI-driven medical device is used for pain assessment.
  • PainChek has regulatory clearance in multiple global markets.
  • The initiative is complemented by the Sabra agreement for US aged care homes.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.