Brief: Arecor Therapeutics Announces Fundraising To Raise Up To £5.13 Million
BRIEF-Arecor Therapeutics Announces Fundraising To Raise Up To £5.13 Million Sept 30 (Reuters) - 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;))