Crossject: reserved capital increase completed

(CercleFinance.com) - Crossject announces the successful completion of a €7.
2 million capital increase reserved for investors, through the issue of 3,635,756 shares at a subscription price of €1.6012 per share, and the issue of 3,635,756 warrants at a price of €0.3788 per warrant.

Four warrants entitle the holder to subscribe for five ordinary shares, after payment of an exercise price of €2.25 per ordinary share. The total number of ordinary shares that may be subscribed on exercise of the 3,635,756 BSAs is 4,544,695.

In parallel, the pharmaceutical company has agreed with Heights Capital Management to amend the terms and conditions of the existing convertible bonds issued to an entity advised by Heights in February 2024.

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