Kurs & Likviditet
Beskrivning
Land | Sverige |
---|---|
Lista | First North Stockholm |
Sektor | Hälsovård |
Industri | Bioteknik |
Redwood Pharma AB's ("Redwood Pharma" or "the Company") new issue of shares with preferential rights for shareholders (the "Rights Issue") ended on February 8, 2021. Interest in the Rights Issue was large with a subscription of 146.5 percent, of which 67.7 percent with the support of subscription rights. Redwood Pharma will receive approximately SEK 34.2 million before issue costs, which will ensure the Company's continued development operations in ophthalmology.
The subscription period in Redwood Pharma's new issue of shares with preferential rights to existing shareholders ended on February 8, 2021. The new issue was subscribed for a total of 146.5 percent, of which 67.7 percent with the support of subscription rights and 78.8 percent without the support of subscription rights. The rights issue is thus heavily oversubscribed and Redwood Pharma will receive approximately SEK 34.2 million before issue costs of approximately SEK 4.8 million, which finances continued validation and development of the Company's products for the treatment of dry eye.
"The great interest in participating in the share issue, from both existing shareholders and new investors, is very gratifying and reflects our own belief in the future of Redwood Pharma. With a strengthened capital structure, we continue to work to take advantage of the company's business opportunities and reach commercializable products for the treatment of chronic dry eye disease", says Martin Vidaeus, CEO of Redwood Pharma.
Notice of allotment for subscriptions without the support of subscription rights is given by a settlement note sent to the respective subscriber. Shares must be paid in accordance with the instructions on the settlement note.
Following the registration of the Rights Issue at the Swedish Companies Registration Office, the Company's share capital will increase by SEK 975,941.60 to a total of SEK 4,147,754.20. The number of shares in the Company will increase by 4,879,708 to a total of 20,738,771.
Trading in paid subscribed shares (BTA) takes place on the Spotlight Stock Market until the week after the Rights Issue has been registered with the Swedish Companies Registration Office. Registration of the Rights Issue is expected to take place no later than during week 9, 2021.
Advisers
Erik Penser Bank AB and Advokatfirman Lindahl KB are financial and legal advisers to Redwood Pharma in connection with the Rights Issue.