Intercytex completes 2.8M placement
UK-based cell therapy specialist Intercytex has raised 2.8 million ($4.9 million) before expenses through a placing for cash of 6,547,619 new ordinary shares at 1 pence each.
The new shares, which represent approximately 8.2% of the company's issued share capital prior to the financing, have been bought by existing institutional shareholders at a price of 42 pence per share. This represents a discount of around 10% to the closing middle market price on September 8.
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