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

Venmo Strengthens Global Transfers by Allowing Payments to PayPal Accounts

Venmo users can now send money internationally to PayPal accounts.Highlights: Venmo now allows users to send money to...
FinTech

Talos and Nasdaq Strengthen On-Chain and Off-Chain Collateral Workflow

New partnership enhances digital asset handling and collateral management.Highlights: Talos and Nasdaq collaborate to streamline collateral workflows.Partnership aims...
FinTech

FCA Restricts Use of Sensitive Data in AI Trial with Palantir

Regulatory concerns arise over data handling protocols in AI trials.Highlights: FCA criticized for using sensitive data in AI...
FinTech

Bank of Ireland Strengthens AI Readiness for Staff Training

New initiatives prepare employees for an AI-driven banking landscape.Highlights: Bank of Ireland launches AI training initiatives for staff.Employees...