- Boustead Securities
Boustead Client Know Labs Closes $14m+ Financing
$14.2 Million for Product Development, Clinical Testing and Preparation for UpList to a Major Exchange
Boustead Securities, LLC (“Boustead”) client Know Labs, Inc. (OTCQB: KNWN), an emerging leader in non-invasive medical diagnostics, through its proprietary electromagnetic energy technology platforms, announced that it has closed on $14.2 million of financing. The financing was largely led by existing investors and insiders, with Boustead serving as placement agent.
The Company believes an uplist to a major exchange with Boustead will:
Provide additional opportunities to attract institutional and retail investors, allowing the Company to broaden its investor base in the United States and internationally;
Increase the visibility of the Company, its growth strategy, accomplishments and results to date;
Enable an aggressive growth strategy;
Increase liquidity of the Company's common shares; and
Raise the Company's overall profile and ultimately enhance shareholder value.
Product development and clinical testing remain focused on:
Relationships with internationally recognized clinical research institutions to perform laboratory-based validation testing to confirm internal test results;
Continued work on miniaturization of the Know Labs platform diagnostic technology, internal testing and refinement of the use of its trade secret algorithms for exacting determination of the platform’s first use in determining blood glucose levels;
Expanding the Company’s Intellectual Property portfolio;
Preparation for submitting the Know Labs technology to the FDA for approval of its non-invasive blood glucose monitoring technology; and
Providing support to its Particle subsidiary as it launches its disinfecting light bulb into the marketplace.
About Know Labs, Inc. Know Labs, Inc. is a public company whose shares trade under the stock symbol “KNWN.” The Company’s technology uses spectroscopy to direct electromagnetic energy through a substance or material to capture a unique molecular signature. The Company refers to its technology as Bio-RFID™. The Bio-RFID technology can be integrated into a variety of wearable, mobile or bench-top form factors. This patented and patent pending technology makes it possible to effectively conduct analyses that could only previously be performed by invasive and/or expensive and time-consuming lab-based tests. The Company’s first product will be the non-invasive UBAND™ Continuous Glucose Monitor (CGM). Those wishing to stay up to date on the developments at Know Labs can subscribe to the Company’s YouTube channel at this link. For more information, visit the company’s website at www.knowlabs.co
About Boustead Securities, LLC
Boustead Securities, LLC (“Boustead”) is an investment banking firm that executes and advises on IPOs, mergers and acquisitions, capital raises and restructuring assignments in a wide array of industries, geographies and transactions, for a broad client base. Boustead’s core value proposition is the ability to create opportunity through innovative solutions and tenacious execution. With experienced professionals in the United States, Boustead’s team moves quickly and provides a broad spectrum of sophisticated financial advice and services. Boustead is a majority owned subsidiary of Boustead & Company Limited, a diversified non-bank financial institution. For more information, please visit www.boustead1828.com
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