Brief: Bone Therapeutics Secures 11 Million Euro Financing

Biosenic SA

29/04/2020 06:13

April 29 (Reuters) - BONE THERAPEUTICS SA  BOTHE.BR :
    * BONE THERAPEUTICS SECURES EUR 11.0 MILLION FINANCING
    * FINANCING WILL BE USED TO ADVANCE BOTH OF ITS KEY ASSETS,
ALLOB
AND JTA-004, THROUGH LATE STAGE CLINICAL DEVELOPMENT.
    * BRIDGE LOANS ARE STILL SUBJECT TO OBTAINING A CREDIT
ASSURANCE,
WHICH IS PENDING REGULATORY APPROVALS EXPECTED IN MAY 2020
    * THE FINANCING OPERATION CONSISTS OF EUR 4.75 MILLION
BRIDGE
LOANS, EUR 1,26 MILLION IN EQUITY PRIVATE PLACEMENT BY EXISTING
SHAREHOLDERS AND, ON AN AS-NEEDED BASIS, A EUR 4.99 MILLION IN
PRIVATE PLACEMENT OF CONVERTIBLE BONDS
    * INTENDS TO PURSUE A CAPITAL RAISE WHEN FAVORABLE MARKET
CONDITIONS ARE MET
    * EXISTING SHAREHOLDERS HAVE ALREADY TAKEN A PRE-COMMITMENT
TO
PARTICIPATE

Source text for Eikon:  ID:nGNE47chLz 
Further company coverage:  BOTHE.BR 

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