Brief: Valneva: Successful Completion Of EUR 84 Mln Reserved Offering

Valneva SE

30/04/2026 07:13

April 30 (Reuters) - Valneva SE VLS.PA:

SUCCESSFUL COMPLETION OF AN EUR 84 MILLION RESERVED OFFERING

EUR 37 MILLION TO BE RECEIVED UPON CLOSING AND AN AGGREGATE OF UP TO EUR 47 MILLION IF ALL WARRANTS ARE EXERCISED

CLOSING OF THE RESERVED OFFERING IS EXPECTED TO OCCUR ON MAY 5

TO USE NET PROCEEDS, EXISTING CASH TO ADVANCE EXISTING PIPELINE OF DIFFERENTIATED VACCINE CANDIDATES

ISSUE PRICE OF ONE ABSA IS EUR 2.33, FACIAL DISCOUNT OF 1.6%

TO ALSO USE PROCEEDS TO MAXIMIZE GROWTH OF CASH-GENERATING COMMERCIAL BUSINESS, FOR WORKING CAPITAL, GENERAL PURPOSES

NEW SHARES ISSUED IN RESERVED OFFERING WILL REPRESENT DILUTION OF ABOUT 9.1% OF COMAPANY'S SHARE CAPITAL

NEW SHARES ARE EXPECTED TO BE ADMITTED TO TRADING ON EURONEXT PARIS ON MAY 5, 2026

AFTER RECENT CONSOLIDATION OF OPERATIONS IN FRANCE , VALNEVA HAS INITIATED FURTHER RESTRUCTURING PLAN, TO INCLUDE WORKFORCE REDUCTION

Source text: ID:nGNEc91VDg

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