Brief: enGene Announces Oversubscribed $200 Million Private Placement Financing

enGene Therapeutics

14/02/2024 11:54

Feb 14 (Reuters) - enGene Holdings Inc  ENGN.O :
    * ENGENE ANNOUNCES OVERSUBSCRIBED $200 MILLION PRIVATE
PLACEMENT
FINANCING
    * ENGENE HOLDINGS INC: HAS AGREED TO SELL 20 MILLION OF ITS
COMMON
SHARES AT A PRICE PER SHARE OF $10.00
    * ENGENE HOLDINGS INC: PROCEEDS FROM FINANCING, WITH CURRENT
CASH
&CASH EQUIVALENTS EXPECTED TO BE SUFFICIENT TO FUND CURRENT
OPERATING PLAN INTO 2027
    * ENGENE HOLDINGS INC: INTENDS TO USE PROCEEDS FROM THIS
FINANCING
TO FUND CONTINUED DEVELOPMENT OF EG-70
    * ENGENE HOLDINGS INC: PRO FORMA CASH AND CASH EQUIVALENTS
EXPECTED TO FUND CURRENT OPERATING PLAN INTO 2027

Source text for Eikon:  ID:nCNWtQsRca 
Further company coverage:  ENGN.O 

 ((Reuters.Briefs@thomsonreuters.com;))