Brief: LIDDS BoD Decides On Rights Issue Of About SEK 48.6 Mln

Lidds AB

16/12/2022 07:57

Dec 16 (Reuters) - Lidds AB  LIDDS.ST :
    * THE BOARD OF DIRECTORS DECIDES ON A RIGHTS ISSUE OF ABOUT
48.6
MSEK
    * RIGHTS ISSUE HAS BEEN SECURED TO APPROXIMATELY 96 PERCENT
THROUGH SUBSCRIPTION COMMITMENTS AND ISSUE GUARANTORS
    * RIGHTS ISSUE PRIMARILY INTENDS TO FINANCE PREPARATION OF
TWO
PHASE IB CLINICAL STUDIES AND EXECUTION OF AT LEAST ONE OF
STUDIES
    * RIGHTS ISSUE ALSO INTENDS TO FINANCE INTENSIFIED WORK WITH
OUT-LICENSING OF PHASE III PROJECT LIPROCA DEPOT
    * RIGHTS ISSUE ALSO TO FINANCE REPAYMENT OF BRIDGE FINANCING
CO
RAISED TO START THESE INVESTMENTS BEFORE IMPLEMENTATION OF
RIGHTS ISSUE

Source text for Eikon:  ID:nMFN6C0BsC 
Further company coverage:  LIDDS.ST 
 (Gdansk Newsroom)
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