Diamyd Medical raises SEK 58.4 million in funds through redemption of warrants
During 1 to 30 November 2018, holders of warrants of series TO 1 B and TO 2 A of Diamyd Medical AB have been able to subscribe for shares through warrants. A total of 426 037 A shares and 12 409 855 B shares have been subscribed for, which means a subscription rate of 95.6 percent. Diamyd Medical thus raises approximately SEK 58.4 million before issue costs."We are delighted at the outcome of the redemption of warrants," says Ulf Hannelius, CEO of Diamyd Medical. “The proceeds, together with existing cash, will finance both the DIAGNODE-2 trial until results in 2020 as well as our other