Brief: Opthea Announces A$80M Capital Raise

Opthea

24/08/2023 02:56

Aug 24 (Reuters) - Opthea Ltd  OPT.AX :
    * OPTHEA ANNOUNCES A$80M CAPITAL RAISE
    * OFFER PRICE FOR PLACEMENT AND ENTITLEMENT OFFER WILL BE
A$0.46
PER NEW SHARE
    * SEEKING TO RAISE A$80.0 MILLION VIA A A$10.0 MILLION
PRIVATE
PLACEMENT AND A A$70.0 MILLION ACCELERATED NON-RENOUNCEABLE
ENTITLEMENT OFFER
    * PROCEEDS WILL BE USED TO CONTINUE ADVANCING CLINICAL
DEVELOPMENT
OF OPT-302, AMONG OTHERS

Source text for Eikon:  ID:nASX4lSZkB 
Further company coverage:  OPT.AX 

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