Yes it is a positive, although a long way to go to getting the investment back.
The 500,000 is to be used to get TGA approval in Australia, so it is not a waste. Enlitic can’t be deployed without it, so Capital was going to have to spend it. This way it becomes a contribution to the funding round, so we don’t have to do that as well.
Ann: Enlitic Series B Funding Round US$10M First Close, page-6
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