Brief: Pharnext Announces Capital Increase Of Around 7.7 Million Euros

Pharnext SCA

05/03/2020 09:10

March 5 (Reuters) - Pharnext SA  PHARN.PA :
    * PHARNEXT ANNOUNCES A CAPITAL INCREASE OF APPROXIMATELY EUR
7.7
MILLION BY PRIVATE PLACEMENT
    * ISSUE OF 1,799,061 NEW ORDINARY SHARES TO EACH OF WHICH A
SHARE
SUBSCRIPTION WARRANT IS ATTACHED
    * THE ISSUE PRICE OF AN ABSA IS 4.28 EUROS EACH, INCLUDING
THE
ISSUE PREMIUM
    * PROCEEDS WILL PROVIDE COMPANY WITH ADDITIONAL RESOURCES
FOR
FINANCING ACTIVITIES NEXT YEAR, INCLUDING FINALIZATION OF
PROTOCOL OF PHASE 3 STUDY AND MEETING OTHER REGULATORY
REQUIREMENTS NECESSARY FOR DEVELOPMENT OF PXT3003
    * FOLLOWING THE ISSUE OF THE ABSAS, THE COMPANY'S SHARE
CAPITAL
WILL AMOUNT TO € 170,303.28, I.E. 17,030,328 ORDINARY SHARE

Source text for Eikon:  ID:nNDL81VLPk 
Further company coverage:  PHARN.PA 

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