TORONTO, March 13, 2023 /CNW/ – SQI Diagnostics Inc. (“SQI” or the “Company“) (TSXV: SQD) (OTCQB: SQIDF), a leader in the science of lung health that develops and manufactures respiratory health and precision medicine tests today announces that it has entered into a new consulting agreement with Looking Glass Capital Consultants (“Looking Glass“), pursuant to which Looking Glass will assist the Company with identifying potential new sources of up to $10 million of equity financing.
Michael Ciardi of Looking Glass, which has offices in New York and London, stated “I am very much impressed with the pipeline of products SQI has in development and is looking forward to the commercialization of these products to help save countless of lives in the respiratory health arena.” There can be no assurances as to whether Looking Glass will be successful in assisting the Company with any new financings nor can there be certainty with respect to the terms of any such new financing or financings. The Company will announce additional details relating to any new financing or financings in due course in the event that it is successful in negotiating and entering into definitive documentation relating to same.
About SQI Diagnostics
SQI Diagnostics is a leader in the science of lung health. The Company develops and manufactures respiratory health and precision medicine tests that run on SQI’s fully automated systems. The Company’s tests simplify and improve COVID-19 antibody monitoring, Rapid Acute Lung Injury testing, donor organ transplant informatics, and immunological protein and antibody testing. SQI Diagnostics is driven to create and market life-saving testing technologies that help more people in more places live longer, healthier lives. For more information, please visit www.sqidiagnostics.com.
Chief Financial Officer