FDA approval provides oxygen for Belluscura float

Two months after gaining FDA 510 (k) clearance for its X-PLO2 R portable oxygen concentrator (POC) medical devices developer Belluscura is planning to join AIM in late May. Belluscura initially planned to float at the end of 2017, but the business was at a much earlier stage. The pre-money valuation is £35m-£40m and the company is seeking £15m of new money.

Existing AIM-quoted company Tekcapital (LON: TEK) set up Belluscura although its stake has been diluted. More recently, warrants and opt...

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Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.