No, not implicitly but it's implied:
Project funding
• MRFF funding will cover the majority of R&D and the first regulatory clearance
for XVD Scanners – e.g. FDA 510(k)
• 4DMedical will be responsible for funding the commercialisation of XVD
Scanners and additional regulatory approvals – e.g. TGA approval
also
Funds raised will be used primarily to fund, in conjunction with the $28.9m received from Federal Government’s MRFF
Frontier initiative, the development and commercialisation of XVD Scanners
Ann: Proposed issue of Securities - 4DX, page-8
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