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Thursday, 04/08/2021 8:48:05 AM

Thursday, April 08, 2021 8:48:05 AM

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News: Medigus: Eventer Technologies Secures $2.25 Million in pre-IPO Funding Round

Medigus invested six months ago $750,000 in Eventer for 58.77% of the company. Following $300,000 of additional investment by Medigus as part of this $2.25m round, Medigus now owns 47.69% of Eventer, reflecting value of $6 million for Medigus in Eventer post money.

[Link to 6-K]

Not bad that a $1.05m investment 6 months ago is now worth $6m- a 571% return. The success of this pre-IPO funding also should enhance the underlying company value, thereby increasing the pps at IPO.

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