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AREC — Arecor Therapeutics News Story

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Brief: Arecor Therapeutics Announces Fundraising To Raise Up To £5.13 Million

BRIEF-Arecor Therapeutics  Announces Fundraising To Raise Up To £5.13 Million

- Arecor Therapeutics PLC AREC.L:

  • ARECOR THERAPEUTICS - PROPOSED FUNDRAISING TO RAISE UP TO £5.13 MILLION

  • ARECOR THERAPEUTICS - PROPOSES PLACING OF UP TO 7,352,941 SHARES AT 68 PENCE TO RAISE £5 MILLION

  • ARECOR THERAPEUTICS - NET PROCEEDS TO STRENGTHEN BALANCE SHEET, EXTEND CASH RUNWAY TO DECEMBER 2027

  • ARECOR THERAPEUTICS - BOARD EXPECTS LOSS AFTER TAX OF £5.50 MILLION FOR FY26

  • ARECOR THERAPEUTICS PLC: GROUP'S EXISTING CASH RESOURCES, BEFORE ANY NET PROCEEDS, TO FUND COMPANY THROUGH TO APRIL 2027

Source text: ID:nRSd8641Wa

Further company coverage: AREC.L


((Reuters.Briefs@thomsonreuters.com;))

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