Brief: Biophytis Announces EUR 10 Million Capital Increase Through Private Placement

Biophytis SA

30/09/2020 13:10

Sept 30 (Reuters) - Biophytis SA  ALBPS.PA :
    * BIOPHYTIS ANNOUNCES A € 10 MILLION CAPITAL INCREASE
THROUGH
PRIVATE PLACEMENT
    * COMPANY HAS AGREED NOT TO PURSUE ANY CAPITAL INCREASE
UNTIL
OCTOBER 30TH, 2020, WHICH IS COMPATIBLE WITH THE CURRENT
FINANCING CONTRACTS.
    * THE PURCHASE PRICE PER EACH NEW COMMON SHARE IS SET AT
€0.47
    * PRIVATE PLACEMENT WILL RESULT IN ISSUANCE OF 21 276 596
NEW
COMMON SHARES VIA CAPITAL INCREASE OR 22,1% OF SHARES
OUTSTANDING FOLLOWING COMPLETION OF TRANSACTION
    * BIOPHYTIS EXPECTS NET PROCEEDS TO BE APPROXIMATELY €8.9
MILLION
AFTER DEDUCTION OF OFFERING FEES AND EXPENSES
    * NET PROCEEDS OF THE PRIVATE PLACEMENT WILL BE USED
PRIMARILY TO
PROGRESS BIOPHYTIS DRUG DEVELOPMENT PROGRAMS

Source text: https://bit.ly/33cliCq
Further company coverage:  ALBPS.PA 

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