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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

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At a glance

Company
Oryzon Genomics S.A.
Listings
BME:ORY, OTC PINK:ORYZF
Announcement type
Financing
Published
Source announcement
oryzon.com
Key figures
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

Oryzon Genomics, S.A. announced the completion of a €12 million gross capital increase and the signing of a share subscription agreement with the Social Impact Fund managed by COFIDES. The future subscription commitment is subject to certain corporate, financial, business and impact-related conditions.

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

FAQSIR's summary and investor FAQs are generated by AI from the text of this announcement alone, without information from other sources.

Figures, forecasts and other claims are the announcement's, not FAQSIR's. FAQSIR does not independently verify them.

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