FinTech

Imugene: Signs $5.7M option underwriting agreement

  • Imugene (IMU) has secured a $5.7 million option underwriting agreement with Bell Potter
  • The agreement between the company and financial firm relates to the balance of the options not exercised prior to November 30, 2020
  • There are over 217 million options available, at an exercise price of 2.6 cents each
  • Imugene said the agreement will strengthen its cash reserves, which totalled over $30 million at the end of the June quarter
  • The company also said it will use the funds to progress its clinical programs and for IP and milestone payments
  • Shares in Imugene are trading down four per cent, for 4.8 cents per share
Previous article
Galileo Mining: Intersects significant sulphide mineralisation at Lantern
Next article
Carnaby Resources: Completes bookbuild for $3M placement, announces $1M SPP
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

Swedish Court Delays Judgment in Klarna’s Antitrust Case Against Google

The court's decision is crucial for Klarna's operations in the competitive market.Highlights: Swedish court delays decision on Klarna's...
FinTech

Morgan Stanley Launches Bitcoin ETF, Expanding Crypto Offerings

The investment firm broadens its reach into the cryptocurrency market.Highlights: Morgan Stanley launches a Bitcoin ETF to enhance...
FinTech

HSBC Strengthens Position with Hong Kong Stablecoin Issuer License

The banking giant aims to support digital asset initiatives in the region.Highlights: HSBC receives a stablecoin issuer license...
FinTech

US Treasury Secretary Warns Banks About Anthropic’s New AI Model

Treasury Secretary highlights risks AI poses to financial stability.Highlights: US Treasury Secretary warns banks about the risks of...