April 29, 2020 / 5:13 AM / a month ago

BRIEF-Bone Therapeutics Secures 11 Million Euro Financing

April 29 (Reuters) - BONE THERAPEUTICS SA:

* BONE THERAPEUTICS SECURES EUR 11.0 MILLION FINANCING

* FINANCING WILL BE USED TO ADVANCE BOTH OF ITS KEY ASSETS, ALLOB AND JTA-004, THROUGH LATE STAGE CLINICAL DEVELOPMENT.

* BRIDGE LOANS ARE STILL SUBJECT TO OBTAINING A CREDIT ASSURANCE, WHICH IS PENDING REGULATORY APPROVALS EXPECTED IN MAY 2020

* THE FINANCING OPERATION CONSISTS OF EUR 4.75 MILLION BRIDGE LOANS, EUR 1,26 MILLION IN EQUITY PRIVATE PLACEMENT BY EXISTING SHAREHOLDERS AND, ON AN AS-NEEDED BASIS, A EUR 4.99 MILLION IN PRIVATE PLACEMENT OF CONVERTIBLE BONDS

* INTENDS TO PURSUE A CAPITAL RAISE WHEN FAVORABLE MARKET CONDITIONS ARE MET

* EXISTING SHAREHOLDERS HAVE ALREADY TAKEN A PRE-COMMITMENT TO PARTICIPATE Source text for Eikon: Further company coverage: (Gdansk Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below