Brief: Celyad Oncology Announces Closing Of $32.5 Mln Private Placement With Fortress Investment Group Affiliate

Celyad Oncology SA

09/12/2021 07:57

Dec 9 (Reuters) - CELYAD ONCOLOGY SA  CYAD.BR :
    * CELYAD ONCOLOGY ANNOUNCED ON WEDNESDAY CLOSING OF $32.5
MILLION
PRIVATE PLACEMENT WITH FORTRESS INVESTMENT GROUP AFFILIATE
    * COMPANY ISSUED 6,500,000 ORDINARY SHARES AT A PRICE OF USD
5.00
(ABOUT EUR 4.42) FOR GROSS PROCEEDS OF USD 32.5 MILLION (ABOUT
EUR 28.7 MILLION)
    * NET PROCEEDS FROM THE PRIVATE PLACEMENT TO FUND RESEARCH
AND
DEVELOPMENT EXPENSES
    * SVB LEERINK ACTED AS THE EXCLUSIVE PLACEMENT AGENT FOR THE
PRIVATE PLACEMENT, GOODWIN PROCTER LLP AND HARVEST ACTED AS
LEGAL COUNSEL TO THE COMPANY. SKADDEN, ARPS, SLATE, MEAGHER &
FLOM LLP AND EUBELIUS ACTED AS LEGAL COUNSEL TO FORTRESS

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nBwbHwRP3a
 Further company coverage:  CYAD.BR  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))