Brief: Kuros Raises CHF 18.6 Million In Capital Increase

Kuros Biosciences AG

20/10/2020 06:11

Oct 20 (Reuters) - KUROS BIOSCIENCES AG  KURN.S :
    * TOTAL GROSS PROCEEDS RAISED IN CAPITAL INCREASE AMOUNT TO
CHF
18.6 MILLION
    * TOTAL OF 10,341,432 NEWLY REGISTERED SHARES WERE PLACED AT
OFFER
PRICE OF CHF 1.80 PER SHARE IN RIGHTS OFFERING, SHARE PLACEMENT
AND TO INVESTOR
    * SHARE CAPITAL WILL INCREASE FROM CHF 22,469,946 TO CHF
32,811,378, DIVIDED INTO 32,811,378 REGISTERED SHARES
    * INTENDS TO USE NET PROCEEDS TO ACCELERATE AND ADVANCE
COMMERCIAL
ROLL-OUT OF MAGNETOS WHICH, BASED ON CURRENT PERFORMANCE, IS
EXPECTED TO BECOME CASH FLOW POSITIVE FOR COMPANY BY END OF 2022
    * NET PROCEEDS SHALL ALSO ALLOW FOR FURTHER CLINICAL
DEVELOPMENT
OF FIBRIN-PTH

Further company coverage:  KURN.S 

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