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Oryzon Genomics S.A.
- BME:ORY
- OTC PINK:ORYZF
Oryzon completes €12 million capital increase and signs conditional COFIDES subscription agreement
Published
At a glance
- Company
- Oryzon Genomics S.A.
- Listings
- BME:ORY, OTC PINK:ORYZF
- Announcement type
- Financing
- Published
- Source announcement
- oryzon.com
| Measure | Figure | Compared with |
|---|---|---|
| Gross capital increase | €12 million | Not stated |
| Subscription price | €2.70 per share | Not stated |
| Discount to the five-day volume-weighted average price (VWAP) | 14.15% | €3.1449 in the five-day volume-weighted average price (VWAP) (14.15%) |
| Investment amount (nominal plus issue premium) | €25 million | Not stated |
Figures are quoted from this announcement and selected automatically.
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Announcement Summary
Oryzon Genomics, S.A. (ORY) announced a completed capital increase and a share subscription agreement with the Social Impact Fund managed by COFIDES.
- The capital increase raised €12 million gross through 4,444,445 new ordinary shares priced at €2.70 each.
- The offering did not include warrants; Singular Bank and All-Invest acted as placement agents.
- The €2.70 price represented discounts of 14.15% to the five-day VWAP of €3.1449 and 12.68% to June 30's closing price of €3.092.
- Proceeds will strengthen the balance sheet, advance iadademstat, progress other hematology and psychiatry programs, and cover expenses and financial obligations.
- The Social Impact Fund, managed by Compañía Española de Financiación del Desarrollo (COFIDES), S.A., S.M.E., committed to subscribe for €25 million of newly created Oryzon shares, subject to corporate, financial, business and impact-related conditions.
The commitment applies to future capital increases within six months of execution, extendable by mutual agreement. Proceeds must fund research and development related to central nervous system, oncology and hematology products; at least 40% must address unmet mental-health needs, including borderline personality disorder and other psychiatric conditions.
Investor FAQs
Source announcement
- Company
- Oryzon Genomics S.A.
- Title
- ORYZON raises €12 million and signs a financing agreement with COFIDES to strengthen its balance sheet and accelerate its clinical programs
- Published
- Source site
- oryzon.com
Read the source announcement on oryzon.com
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