Brief: Alzinova Resolves On Rights Issue Of SEK 51 Mln
BRIEF-Alzinova Resolves On Rights Issue Of SEK 51 Mln Sept 11 (Reuters) - Alzinova AB ALZ.ST:
SAID ON THURSDAY RESOLVED TO CARRY OUT RIGHTS ISSUE OF UP TO 40,528,111 UNITS, CONTAINING SHARES, WARRANTS OF SERIES TO5 AND WARRANTS OF SERIES TO6
SUBSCRIPTION PRICE AMOUNTS TO SEK 1.26 PER UNIT, CORRESPONDING TO SEK 0.42 PER SHARE
MAIN PURPOSE OF IS TO FINANCE ONGOING CLINICAL PHASE 2 STUDY WITH ALZ-101 AND PROVIDE COMPANY WITH SUFFICIENT WORKING CAPITAL
UPON FULL SUBSCRIPTION ALZINOVA WILL RECEIVE ABOUT SEK 51 MILLION BEFORE ISSUE COSTS
UPON FULL SUBSCRIPTION AND FULL EXERCISE OF ALL WARRANTS OF SERIES TO5 AND TO6, COMPANY MAY RECEIVE AN ADDITIONAL CAPITAL INJECTION OF UP TO ABOUT SEK 203 MILLION DURING Q1 AND Q4 2027, RESPECTIVELY
Source text for Workspace: [nMFN2jzy0x ]
Further company coverage: ALZ.ST
(Gdansk Newsroom)
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