Business
Close of Bookbuild
Close of Bookbuild.
About this update from Ondine Biomedical, Inc.
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (COLLECTIVELY, THE \"UNITED STATES\"), AUSTRALIA, NEW ZEALAND, CANADA, JAPAN, THE REPUBLIC OF IRELAND, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION IS OR WOULD BE PROHIBITED.\n \nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, ADVERTISING, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN ONDINE BIOMEDICAL INC OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION SHALL FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH, ANY INVESTMENT DECISION IN RESPECT OF ONDINE BIOMEDICAL INC.\n \n \n4 December 2023\nOndine Biomedical Inc.\n(\"OBI\", \"Ondine\", or the \"Company\")\nClose of Bookbuild\nOndine Biomedical Inc. (AIM: OBI), a Canadian life sciences company, is pleased to announce that, further to the announcements made on 30 November 2023 and 1 December 2023, the Bookbuild has now closed.\nThe Company has successfully raised approximately £2.5 million via binding participations in the Placing and the Subscription. Participants in the Placing will be contacted by Singer Capital Markets Securities Limited (\"SCM\") or RBC Capital Markets (\"RBC\", and together with SCM, the \"Joint Bookrunners\") as soon as practicable to confirm their allocations. A further announcement will be made in due course confirming details of the Placing.\nThe Company had previously announced a broker option in connection with the Fundraising, which was intended to allow other institutional investors and Relevant Persons to participate. The aggregate Fundraising had been capped at £2.5 million, but in light of the demand for the Placing and Subscription the Company intends to increase the overall Fundraising size, as commitments already received mean that there are insufficient shares to allocate to the Broker Option or to Employee Subscribers.\nFurther announcements will be made in due course.\nSave as o...