05:22 PM EDT, 06/05/2024 (MT Newswires) -- DIAGNOS ( DGNOF ) ,on Wednesday said it closed a second and final tranche of 3.5-million units that raised $0.98 million.

The eye-health company said it placed 3.5-million units priced at $0.28 and made up of a share and an 18-month warrant to buy a second share for $0.40.

Combined with the first closing announced on May 9, 2024, the aggregate number of Units is 4.6 million and the aggregate gross proceeds amount to $1.2 million.

Proceeds from the private placement will be used to fund product development and commercialization of AI-based screening services as well as general and administrative operations.

The company's shares closed unchanged at $0.30 on the TSX Venture Exchange.