Brief: Mithra Pharmaceuticals Prices Private Placement To Raise EUR 20 Mln In Equity

Mithra Pharmaceuticals SA

24/08/2023 06:39

Aug 24 (Reuters) - Mithra Pharmaceuticals SA  MITRA.BR :
    * MITHRA PRICES PRIVATE PLACEMENT TO RAISE EUR 20 MILLION IN
EQUITY
    * PRIVATE PLACEMENT OF 10 MILLION NEW ORDINARY SHARES AT AN
ISSUE
PRICE OF EUR 2.00 PER SHARE, 17% DISCOUNT TO THE CLOSING SHARE
PRICE ON AUG 23
    * IF THE OPTIONS ARE EXERCISED IN FULL, MITHRA WOULD RECEIVE
ADDITIONAL GROSS PROCEEDS OF EUR 22.5 MILLION
    * COMPANY INTENDS TO USE NET PROCEEDS OF PRIVATE PLACEMENT
PRIMARILY TO FINANCE EXPENSES RELATED TO: (I) DONESTA® FILING
WITH UNITED STATES FOOD AND DRUG ADMINISTRATION (FDA)
    * THE SETTLEMENT OF THE PRIVATE PLACEMENT AND ISSUANCE OF
THE 10
MILLION NEW SHARES ARE SUBJECT TO A NUMBER OF CUSTOMARY
CONDITIONS, INCLUDING THE APPLICATION OF CUSTOMARY CORPORATE
PROCEDURES, WHICH ARE EXPECTED TO BE COMPLETED ON OR ABOUT 28
AUGUST 2023

Source text for Eikon: [ID: nGNEbS7fXT]
Further company coverage:  MITRA.BR 

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