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

Lloyds Tests Quantum Computing to Strengthen Fraud Detection

The bank explores advanced tech to tackle money mule networks effectively.Highlights: Lloyds is experimenting with quantum computing for...
FinTech

9fin Secures $170 Million Raise, Valued at $1.3 Billion

The fintech platform enhances its funding to accelerate growth and innovation.Highlights: 9fin raised $170 million in a recent...
FinTech

CommBank Enhances Account Onboarding with Password Chip Scanning

New feature streamlines account setup via mobile app for users.Highlights: CommBank introduces password chip scanning in its mobile...
FinTech

Coinbase Receives Conditional Approval for National Trust Bank Charter

The approval marks a significant step for Coinbase in the financial sector.Highlights: Coinbase secures conditional approval for a...