BriaCell Therapeutics Closes Successful $8.5 Million Offering
BriaCell Therapeutics Successfully Completes $8.5 Million Offering
BriaCell Therapeutics Corp. (NASDAQ: BCTX, BCTXW) (TSX: BCT) has successfully closed a significant offering that will bolster its mission in oncology. This clinical-stage biotechnology company is noted for its innovative approaches in developing immunotherapies aimed at transforming cancer care. The offering involved 12,325,000 common shares sold at a price of $0.69 each, culminating in gross proceeds of around $8.5 million.
Use of Funds for Future Growth
The funds acquired from this offering are strategically aimed at enhancing BriaCell’s operational capability. The company plans to utilize the capital for working capital needs and general corporate purposes, ensuring that they remain at the forefront of advancing their business objectives.
Role of ThinkEquity in the Offer
ThinkEquity has played a crucial role as the sole placement agent for this offering. Their expertise in the market and investor relations has supported BriaCell in navigating this process smoothly, ensuring that the offering was well-received by investors.
Company's Regulatory Compliance
The securities involved in this offering were conducted under the company’s current shelf registration statement. This compliance with securities regulations not only ensures transparency but also reinforces BriaCell’s commitment to lawful operations within the financial markets.
About BriaCell Therapeutics Corp.
BriaCell Therapeutics Corp. is dedicated to developing innovative immunotherapies to improve cancer treatments. Their approaches are shaped by a robust research foundation and the ambition to provide relief to cancer patients with limited treatment options. This commitment is reflected in their ongoing clinical trials such as the Bria-IMT™ regimen, aimed at tackling metastatic breast cancer.
Company Contact Information
For further inquiries, individuals can reach out to BriaCell’s President & CEO, William V. Williams, at 1-888-485-6340. Additionally, inquiries can be directed to the company’s investor relations team through their email: info@briacell.com.
Frequently Asked Questions
What was the purpose of the $8.5 million offering?
The funds will be used for working capital requirements and general corporate purposes to further the company’s growth and advancements in cancer treatment.
Who acted as the placement agent for this offering?
ThinkEquity served as the sole placement agent for BriaCell's $8.5 million offering.
How many common shares were sold in the offering?
A total of 12,325,000 common shares were offered at $0.69 per share.
What is BriaCell Therapeutics known for?
BriaCell Therapeutics is known for its pioneering work in creating novel immunotherapies aimed at revolutionizing cancer care.
Where can I find more information about BriaCell?
More details about BriaCell and its offerings can be found on its website at briacell.com.
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