Daily Roundup

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4DMedical Clears Major Regulatory Hurdle in Australia

Medical imaging company 4DMedical has secured TGA approval for CT:VQ, its non-contrast ventilation-perfusion imaging solution, marking a significant milestone for the Australian market. The approval, which includes listing on the Australian Register of Therapeutic Goods, clears the way for nationwide deployment across the country's high-density network of CT scanners. CT:VQ works as a software-only solution that transforms existing CT infrastructure into functional lung imaging tools without requiring contrast agents. The company now plans to pursue Medicare Benefits Schedule reimbursement through an application to the Medical Services Advisory Committee, setting its sights on establishing CT:VQ as the global standard for functional lung assessment.

Energy and Infrastructure Updates

HMC Capital has crossed the finish line on its partnership with KKR, securing all necessary regulatory approvals from both the ACCC and FIRB. Financial close is expected around 30 June 2026, with KKR-managed funds investing up to $603 million into HMC's Energy Platform. The deal includes $355 million upfront and up to $248 million earmarked for battery energy storage system development. HMC will pocket a $35 million establishment fee this financial year plus approximately $7 million annually in recurring fees, while its own invested capital in the platform drops to around $190 million. Following the transaction, the platform will rebrand as Illuma Energy and move forward with plans to reach a final investment decision on its first BESS project in 2026.

Meanwhile, NRW Holdings' subsidiary Golding Contractors has landed two substantial contracts that will keep hundreds of workers employed. A $150 million equipment hire and services agreement with OneSteel at South Middleback Ranges in South Australia will sustain around 60 jobs over three years. Separately, Golding secured a $41 to $45 million contract with Anglo American to construct a 10.8-kilometre rail diversion near Moranbah in Queensland, expected to engage approximately 230 people and wrap up by March 2027.

Healthcare Technology Gains Traction

Visionflex Group has won a $0.8 million contract with NSW Health to supply remote patient monitoring hardware for the state's digital uplift initiative. The deal covers 127 general examination cameras and 162 video examination camera glass kits, with deployment scheduled across multiple NSW hospitals and health service organizations by June 2026. The contract underscores growing momentum for virtual care solutions as healthcare systems look to enable remote monitoring and reduce unnecessary hospital visits.

Listing Setback for SIV Capital

On a less positive note, SIV Capital received notice from the ASX warning of a significant risk that it will fail to meet listing rule requirements if it proceeds with its application for official list admission. The company, which had already lodged an in-principle suitability application, has immediately begun exploring alternative opportunities in response to the ASX's concerns.