Arctic Bioscience – PIR IV INVEST to distribute shares in Arctic Bioscience to fund investors
PIR IV INVEST AS (“PIR IV”), an early stage investment SPV and major shareholder in Arctic Bioscience AS ("Arctic Bioscience"), today announced the planned dissolvement of the SPV. As a consequence, its shares in Artic Bioscience will be re-allocated to the SPV’s individual investors. PIR IV holds 2,188,250 million shares in Arctic Bioscience, corresponding to 9.0% of total shares outstanding.In connection with the IPO of Arctic Bioscience, PIR IV entered into a customary lock-up agreement to remain in force to and including 365 calendar days after the date of admission to trading on