Elicera Therapeutics receives additional subscription commitments from the board and management in the ongoing rights issue
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Elicera Therapeutics AB (publ) ("Elicera" or the "Company") has received additional subscription commitments from members of the board and management in the ongoing rights issue. Jamal El-Mosleh and Di Yu intend to increase their subscription by SEK 100,000 each, and Jan Zetterberg intends to subscribe for SEK 230,000.
On 20 February 2024 the extraordinary general meeting of the Company resolved on a rights issue of units of approximately SEK 64 million (the “Rights Issue”). The subscription period in the Rights Issue started on 23 February 2024 and ends 8 March 2024. Elicera has received additional subscription commitments from the following members of the board and management who intend to subscribe in the Rights Issue:
Shareholder | Role in the Company | Initial commitment, SEK | Increased commitment, SEK |
Jamal El-Mosleh | CEO | 250,000 | 100,000 |
Di Yu | Head of Translational Research and co-fonder | 100,000 | 100,000 |
Jan Zetterberg | Board member | 0 | 230,000 |
Total | 350,000 | 430,000 |
Through these subscription commitments, the board and management demonstrate their continued confidence in Elicera’s future prospects. Overall the subscription commitments from the board and management amount to approximately 1 million SEK.
For more information, please contact:
Jamal El-Mosleh, CEO at Elicera Therapeutics AB
Mail: Jamal.elmosleh@elicera.vom
Phone: +46 (0) 703 31 90 51
Webb: www.elicera.com
Certified Advisor
Carnegie Investment Bank AB (publ)
The information was submitted for publication distributed through the contact person below at 14:00 CET on March 4, 2024.
Advisers
Mangold Fondkommission AB is the financial advisor to Elicera in connection with the Rights Issue. Advokatfirman Delphi i Stockholm AB is the legal advisor to the Company in connection with the Rights Issue.
About Elicera Therapeutics AB
Elicera Therapeutics AB (publ) has developed the patented gene technology platform iTANK that enables the arming of new and existing CAR T-cell therapies targeting aggressive and relapsing cancer forms. Elicera Therapeutics thereby addresses a well-defined and vast market. The company’s CAR T-cell therapies have shown a potent effect toward solid tumors which are recognized as particularly difficult to treat and constitute the majority of cancer cases. The company addresses a global multibillion market in cell therapy through its offering of non-exclusive licensing of the iTANK-platform to companies in the pharmaceutical industry. Elicera Therapeutics has four internal development projects in immune therapy that separately have the potential to generate substantial value through exclusive out-licensing agreements. The company’s share is traded on Nasdaq First North Growth Market. The company’s certified advisor is Carnegie Investment Bank AB (publ), www.carnegie.se. For additional information, visit www.elicera.com.
Important information
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