Renalytix (
RENX · AIM · Health Care · mcap £36m · 6.0p 4 open situations →
Open · 4
Strategic partnerships and EMR rollout
Renalytix signed a multi-year national distribution deal with Quest Diagnostics on 1 September 2026, with physician ordering expected in Q1 2027 and a target of 25,000 tests in 2027. The oversubscribed fundraise now funds the operational pivot to national access and logistics. Revenue still lags, since availability starts only in 2027.
Next: Quest ordering availability · 31 Mar 2027
- 3 Sep 2026 Funding secured; interface build pending
- 1 Sep 2026 Funding raised; integration pending
- 1 Sep 2026 Agreement signed; integration pending
- 26 Mar 2026 Five integrations live, eight more in deployment
1 director buying
- 2 Oct 2026 Harwood Capital LLP* £70k
Fundraise and debt conversion
Renalytix launched a bookbuild on 1 September 2026 at 6p, a premium to the market price. It funds the Quest Diagnostics rollout and converts the Heights bonds to equity. The bookbuild closed oversubscribed with £10.1m raised, and Heights holds no debt claim. A WRAP retail offer of up to £1.0m at 6p now opens, closing 7 September. The second tranche needs a General Meeting.
- Size
- £10.1m gross placing at 6p; up to £1.0m WRAP Retail Offer
- Shares
- 168,366,151 new shares plus 57,729,741 Conversion Shares to Heights
- First tranche
- 109,082,253 Placing Shares plus 57,729,741 Conversion Shares; admission 8 September 2026
- Second tranche
- Second Tranche Placing, Subscription and Retail Offer Shares; needs General Meeting; admission about 29 September 2026
- Next milestone
- Retail offer result expected on or around 8 September 2026
- Insiders
- Directors and PDMRs subscribed US$303,366 in total; 6-month lock-in
- 3 Sep 2026 Retail offer open; first tranche admission pending
- 3 Sep 2026 Bookbuild closed oversubscribed; first tranche admission pending
- 1 Sep 2026 Bookbuild open; first tranche admission expected 7 September
Two-year outcomes data and CE marking
Next: Publish two-year outcomes study; CE marking review completion by end FY26
- 26 Mar 2026 Submitted for publication; CE review progressing
Company filings. Not investment advice.