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Renalytix (

RENX · AIM · Health Care · mcap £36m · 6.0p 4 open situations →

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Transformational contract / build-out◷ in 158 days

Strategic partnerships and EMR rollout

Funding secured; interface build pending

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

  1. 3 Sep 2026 Funding secured; interface build pending
  2. 1 Sep 2026 Funding raised; integration pending
  3. 1 Sep 2026 Agreement signed; integration pending
  4. 26 Mar 2026 Five integrations live, eight more in deployment
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Insider conviction

1 director buying

£70k in 1 buy
  1. 2 Oct 2026 Harwood Capital LLP* £70k
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Dilutive fundraise

Fundraise and debt conversion

Retail offer open; first tranche admission pending

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
  1. 3 Sep 2026 Retail offer open; first tranche admission pending
  2. 3 Sep 2026 Bookbuild closed oversubscribed; first tranche admission pending
  3. 1 Sep 2026 Bookbuild open; first tranche admission expected 7 September
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Project milestones

Two-year outcomes data and CE marking

Submitted for publication; CE review progressing

Next: Publish two-year outcomes study; CE marking review completion by end FY26

  1. 26 Mar 2026 Submitted for publication; CE review progressing
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Company filings. Not investment advice.

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