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MindMaze Therapeutics Holding SA
- OTCQB:MMTZF
- SIX:MMTX
MindMaze Announces CHF 8.0 Million Equity Financing With Neuro.io
Published
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- Company
- MindMaze Therapeutics Holding SA
- Listings
- OTCQB:MMTZF, SIX:MMTX
- Announcement type
- Financing
- Published
- Source announcement
- eqs-news.com
| Measure | Figure | Period |
|---|---|---|
| Equity financing | CHF 8.0 million | Not stated |
| Treasury shares | 4,970,000 treasury shares | this week |
| Second tranche | CHF 4.0 million | within the following five weeks |
| Aggregate gross cash proceeds | CHF 8.0 million | Not stated |
Figures are quoted from this announcement and selected automatically.
FAQSIR Generated from this announcement View original release below for safe harbor and regulatory notices
Announcement Summary
MindMaze Therapeutics Holding SA (SIX: MMTX) announced a definitive equity financing with Neuro.io Group SA (Neuro.io).
- The company expects CHF 8.0 million in aggregate gross cash proceeds; Neuro.io will acquire a strategic equity position.
- The company expects initial CHF 4.0 million tranche to close this week: 4,970,000 treasury shares and CHF 2,850,900 mandatory convertible loan notes.
- The company expects a second CHF 4.0 million notes tranche to close within five weeks, subject to customary closing conditions.
- The company expects pricing today at the lower of CHF 0.23 per share and a 10% discount to average trading price.
- The mandatory convertible loan notes are expected to convert into 29,786,521 ordinary shares within the following twelve months.
The proceeds will support commercial priorities, including scaling the U.S. footprint and advancing neurotherapeutics deployment. The parties also entered into a letter of intent to explore strategic opportunities, including a potential business combination.
Investor FAQs
Source announcement
- Company
- MindMaze Therapeutics Holding SA
- Title
- MindMaze Therapeutics Announces CHF 8.0 Million Strategic Equity Financing
- Published
- Source site
- eqs-news.com
Read the source announcement on eqs-news.com
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Figures, forecasts and other claims are the announcement's, not FAQSIR's. FAQSIR does not independently verify them.
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