Immutep Announced Monday It Successfully Completed Underwritten Retail Entitlement Offer For Australia
Portfolio Pulse from Charles Gross
Immutep Limited has successfully completed its underwritten retail entitlement offer, raising approximately $80 million. The retail component of the entitlement offer allowed eligible retail shareholders to subscribe for 1 new share for every 7.6 existing shares at a price of A$0.26 per new share.
June 27, 2023 | 9:15 am
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POSITIVE IMPACT
Immutep's successful completion of its underwritten retail entitlement offer raises approximately $80 million, potentially boosting the company's financial position.
The successful completion of Immutep's underwritten retail entitlement offer raises approximately $80 million, which can be used to fund the company's operations and growth. This is likely to have a positive impact on the company's stock price in the short term as it strengthens its financial position.
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