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Ascendiant Serves as Sole Placement Agent on $6,015,000 Private Placement for Nemaura Medical, Inc. (Nasdaq: NMRD), Increases Total Amount to $36,045,000 over Three Transactions

JUPITER, Florida – May 31, 2022 — Ascendiant Capital Markets LLC (“Ascendiant”) announced today the closing of a $6,015,000 Private Placement for Nemaura Medical, Inc. (Nasdaq: NMRD) of Loughborough, Leicestershire, United Kingdom.

Ascendiant served as Sole Placement Agent on the financing transaction, which increased the total amount to $36,045,000 over three transactions. For a copy of the announcement, please click here.

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