D. Boral Capital Served as Exclusive Placement Agent to FibroBiologics, Inc. (Nasdaq: FBLG) in connection with its $25.0 Million Financing
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FibroBiologics, Inc. (Nasdaq: FBLG) has entered into a Standby Equity Purchase Agreement with Yorkville Advisors, allowing it to sell up to $25 million of its common stock over two years. D. Boral Capital served as the exclusive placement agent for this financing.
December 30, 2024 | 7:30 pm
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FibroBiologics has secured a $25 million financing agreement with Yorkville Advisors, allowing it to sell common stock over two years. This provides the company with financial flexibility to support its therapeutic developments.
The $25 million financing agreement provides FibroBiologics with additional capital, which is crucial for a clinical-stage biotech company. This financial flexibility can support ongoing research and development, potentially leading to positive investor sentiment and a short-term stock price increase.
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