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Stock impact report

Alligator Bioscience Announces Financing of Up to SEK 80 Million Extending Cash Runway to Q1 2025 [Yahoo! Finance]

Aptevo Therapeutics Inc. (APVO) 
Last aptevo therapeutics inc. earnings: 8/9 09:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.aptevotherapeutics.com/investor-overview
Company Research Source: Yahoo! Finance
KONG, JAPAN, NEW ZEALAND, RUSSIA, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, SWITZERLAND OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURE. LUND, SWEDEN / ACCESSWIRE / June 25, 2024 / The board of directors of Alligator Bioscience AB (publ) (STO:ATORX) ("Alligator" or the "Company") has today resolved on a directed issue of convertibles to Fenja Capital II A/S ("Fenja") raising gross proceeds of SEK 12 million (the "Convertibles"). Furthermore, the Company has also entered into an agreement with Fenja for a loan facility of up to SEK 68 million (the "Loan Facility" and together with the Convertibles, the "Financing"). The transaction provides Alligator with financial and strategic flexibility, with the full Financing extending the cash runway into the first quarter of 2025. Reasons and motives for the Financing The Financing consists of a first tranche of SEK 50 million, of which SEK 12 million a Show less Read more
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