on ADOCIA (EPA:ADOC)
ADOCIA strengthens its cash flow with a private placement of 9.7 million euros
Lyon-based biopharmaceutical company ADOCIA has announced the completion of a private placement of €9.7 million. This transaction extends its cash position until the second quarter of 2026. The capital increase was carried out via the issuance of 2,125,000 new ordinary shares, each accompanied by a subscription warrant. The unit price of the share was set at €4.58.
Key participants include Armistice Capital, investing €7 million, and Gérard Soula, Chairman and Co-Founder, contributing €0.5 million. The net proceeds will be used primarily for the development of the AdoShell® Islets project.
In order to ensure its financial and operational coherence, ADOCIA has agreed to list its new shares on Euronext Paris from February 28, 2025.
R. H.
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