Veriphi Shareholder Update: 27 May 2017

Introduction. As good technical progress continues, the main focus for the business is capital raising and expediting first revenues. There is a dearth of Series A funders for businesses like Veriphi, however we are making headway. In addition, our expenses and cash burn are below forecast, therefore extending our cash runway. Commercial Progress Commercial Approaches – In parallel to our …

Veriphi Shareholder Update: 24 April 2017

Cash Flow and Investment: R & D Tax Loss Credit– In 10 days we will receive a $48k refund from the IRD, as a credit for our R&D tax losses. Grant Claim – We have made our first claim for our Callaghan Innovation Growth Grant, for $32k. Pro rata Investment – Indicative investment from shareholders to exercise their pro rata …