Brief: Celyad Oncology Receives About EUR 9.8 Million In Private Placement Commitments From Historical Shareholders

Celyad Oncology SA

29/08/2023 17:03

Aug 29 (Reuters) - Celyad Oncology SA  CYAD.BR :
    * CELYAD ONCOLOGY RECEIVES APPROXIMATELY EUR 9.8M IN PRIVATE
PLACEMENT COMMITMENTS FROM HISTORICAL SHAREHOLDERS
    * CAPITAL INCREASE WILL TAKE PLACE AT A SUBSCRIPTION PRICE
OF EUR
0.52 PER SHARE
    * COMPANY INTENDS TO USE NET PROCEEDS FROM PRIVATE PLACEMENT
TO
FUND RESEARCH AND DEVELOPMENT EXPENSES
    * INTENDS TO USE NET PROCEEDS TO FUND RESEARCH AND
DEVELOPMENT
EXPENSES, ADVANCE CURRENT PIPELINE OF PRECLINICAL CAR-T
CANDIDATES, TO DISCOVER AND DEVELOP ADDITIONAL PRECLINICAL
PRODUCT CANDIDATES
    * FORTRESS HAS COMMITTED TO SUBSCRIBE FOR AN ADDITIONAL
AMOUNT OF
EUR 7,750,000 IN THIS SECOND CAPITAL INCREASE

Source text for Eikon:  ID:nBw3s5xhwa 
Further company coverage:  CYAD.BR 

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