At market Placement raises additional up to A$1.1 million
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Announcement summary
At market Placement raises additional up to A$1.1 million
At market placement raises up to A$1.1 million
A further private placement to new strategic investors brings total raised in October to $1.6m, strengthens AdAlta’s ability to close cellular immunotherapy transactions, balance sheet
AdAlta has received firm commitments to raise A$1.1 million from a group of sophisticated investors (subject to shareholder approval at the forthcoming AGM) via a private placement
Placement brings total raised in October to up to $1.6 million
Issue Price of 0.3c per share ($0.003) is equal to the closing price on 17 October
Company will, subject to shareholder approval, issue Subscription Shares and Attaching Options on the same terms as the recent fully subscribed Entitlement Offer and $0.5 million placement
Placement facilitated by Lead Manager, 62 Capital Pty Ltd
Proceeds provide balance sheet flexibility, strengthening AdAlta’s position as it advances “East to West” cellular immunotherapy transactions and other strategic options
AGM to now be held 26 November 2025
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