Bionomics Limited Announces Private Placement of up to $70.0 Million
The first tranche is an upfront payment to the Company of $7.5 million.
- The first tranche is an upfront payment to the Company of $7.5 million.
- Assuming that the first, second and third tranches are consummated and exercised to the maximum extent, total gross proceeds from the private placement to the Company would be approximately $70.0 million.
- The private placement is expected to close on or about June 3, 2024, subject to the satisfaction of customary closing conditions.
- The Company has agreed to file a resale registration statement with the U.S. Securities and Exchange Commission registering the resale of the securities issued and issuable in the private placement.