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IFRX - Inflarx NV News Story

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Sector
Healthcare
Size
Small Cap
Market Cap £115.7m
Enterprise Value £45.9m
Revenue £n/a
Position in Universe 4720th / 6850

InflaRx Announces Pricing of $75 Million Public Offering of Common Shares and One-Year Warrants

Thu 25th February, 2021 1:30pm
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JENA, Germany, Feb. 25, 2021 (GLOBE NEWSWIRE) -- InflaRx N.V. (Nasdaq: IFRX),
a clinical-stage biopharmaceutical company developing anti-inflammatory
therapeutics by targeting the complement system, announced today the pricing
of its underwritten public offering of 15,000,000 common shares and warrants.
The shares are being sold at a public offering price of $5.00 per share. For
each common share purchased, an investor will also receive a warrant to
purchase a common share at an exercise price of $5.80. The warrants are
exercisable immediately and have a term of up to one year. The gross offering
proceeds to InflaRx from this offering are expected to be approximately $75
million, before deducting the underwriting discount and other estimated
offering expenses and excluding the exercise of any warrants. The Company
intends to use the net proceeds from the offering primarily to fund research
and development expenses for its clinical and preclinical research and
development activities and for working capital and general corporate purposes.

Guggenheim Securities, LLC and Raymond James & Associates, Inc. are serving as
joint book-running managers for the proposed offering.

A shelf registration statement relating to the securities being sold in this
offering was filed with the U.S. Securities and Exchange Commission (the
“SEC”) and was declared effective by the SEC on July 17, 2020. The
offering will be made only by means of a prospectus and prospectus supplement.
A preliminary prospectus supplement and accompanying prospectus related to the
offering have been filed with the SEC and are available at the SEC’s website
located at www.sec.gov. Copies of the preliminary prospectus supplement and
accompanying prospectus related to the offering may be obtained by contacting
Guggenheim Securities, LLC, Attention: Equity Syndicate Department, 330
Madison, 8th Floor, New York, NY 10017, or by telephone at (212) 518-9544, or
by email to GSEquityProspectusDelivery@guggenheimpartners.com. The final terms
of the offering will be disclosed in a final prospectus supplement to be filed
with the SEC.

This press release shall not constitute an offer to sell or a solicitation of
an offer to buy these securities, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.

About InflaRx N.V.:

InflaRx (Nasdaq: IFRX) is a clinical-stage biopharmaceutical company focused
on applying its proprietary anti-C5a technology to discover and develop
first-in-class, potent and specific inhibitors of C5a. Complement C5a is a
powerful inflammatory mediator involved in the progression of a wide variety
of autoimmune and other inflammatory diseases. InflaRx was founded in 2007,
and the group has offices and subsidiaries in Jena and Munich, Germany, as
well as Ann Arbor, MI, USA.

Contacts:

InflaRx N.V.
Jordan Zwick – Chief Strategy Officer
Email: jordan.zwick@inflarx.de
Tel: +1 917-338-6523

MC Services AG
Katja Arnold, Laurie Doyle, Andreas Jungfer
Email: inflarx@mc-services.eu
Europe: +49 89-210 2280
US: +1-339-832-0752

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements, including statements
about the offering. All statements other than statements of historical fact
are forward-looking statements, which are often indicated by terms such as
“may,” “will,” “should,” “expect,” “plan,”
“anticipate,” “could,” “intend,” “target,” “project,”
“believe,” “estimate,” “predict,” “potential” or
“continue” and similar expressions. Forward-looking statements appear in a
number of places throughout this release and may include statements regarding
our intentions, beliefs, projections, outlook, analyses and current
expectations concerning, among other things, our ongoing and planned
preclinical development and clinical trials; the impact of the COVID-19
pandemic on the Company; the timing and our ability to commence and conduct
clinical trials; potential results from current or potential future
collaborations; our ability to make regulatory filings, obtain positive
guidance from regulators, and obtain and maintain regulatory approvals for our
product candidates; our intellectual property position; our ability to develop
commercial functions; expectations regarding clinical trial data; our results
of operations, cash needs, financial condition, liquidity, prospects, future
transactions, growth and strategies; the industry in which we operate; the
trends that may affect the industry or us and the risks uncertainties and
other factors described under the heading “Risk Factors” in InflaRx’s
periodic filings with the Securities and Exchange Commission. These statements
speak only as of the date of this press release and involve known and unknown
risks, uncertainties and other important factors that may cause our actual
results, performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by the
forward-looking statements. Given these risks, uncertainties and other
factors, you should not place undue reliance on these forward-looking
statements, and we assume no obligation to update these forward-looking
statements, even if new information becomes available in the future, except as
required by law.

(https://www.globenewswire.com/NewsRoom/AttachmentNg/38d5f700-4678-4aa4-a293-4118e2b21998)



GlobeNewswire, Inc. 2021
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