Brief: Respiratorius Intends To Issue Units Of About SEK 25.1 Mln In Rights Offering

Respiratorius AB (publ)

23/04/2020 09:09

April 23 (Reuters) - Respiratorius AB  RESPS.TE :
    * INTENDS TO ISSUE UNITS CONSISTING OF NEWLY ISSUED SHARES
AND
WARRANTS, AT A PRICE OF SEK 1.6 PER UNIT FOR THE GROSS PROCEEDS
OF ABOUT SEK 25.1 MILLION IN RIGHTS OFFERING
    * UPON FULL SUBSCRIPTION IN THE RIGHTS ISSUE AND FULL
EXERCISE OF
ALL WARRANTS, CO WILL RECEIVE A NET CASH PAYMENT OF BETWEEN SEK
18.9 MILLION TO SEK 25.1 MILLION
    * WILL USE THE PROCEEDS FOR RESEARCH AND DEVELOPMENT WORK
FOR
VAL001 & RESP9000, REPAYMENT OF BRIDGE LOAN AND OPERATING COSTS
FOR THE BUSINESS

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nNRAbm38w4
    
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