What’s with the 4DMedical (ASX:4DX) share price today?

The 4DMedical Ltd (ASX: 4DX) share price shot up 4.6% in opening today before falling into the red early this afternoon. This, after the medical technology company announced it had received a government grant and would begin a capital raising program.

The 4DMedical share price opened at $1.81, up 8 cents on yesterday’s close but has since retreated to $1.73, putting it flat at the time of writing.

Shares in the company were placed in voluntary suspension for 2 days earlier this week, in anticipation of the news.

Why is the 4D Medical share price moving today?

In today’s release, the company announced a consortium led by 4DMedical, the Australian Lung Health Initiative (ALHI), has been awarded a $28.9 million federal government…