Initiator Pharma receives approximately 8.9 MSEK trough exercise of warrants of series TO 2
On Tuesday, 15 December 2020, the exercise period for Initiator Pharma A/S ("Initiator Pharma" or "the Company") warrants of series TO 2 ("TO 2”) ended. A total of 1,814,278 TO 2 were exercised. Initiator Pharma will thus receive a total of approximately SEK 8.9 million before issue costs. The capital received in connection with the warrant exercise enables Initiator Pharma to finance the completion of the Company’s clinical phase II study for the drug candidate Ip2018 and provides the Company with full financing until H1 2022.CEO Claus Elsborg Olesen comments “We are grateful for the