BioVaxys Unveils Private Placement to Boost Growth Initiatives

BioVaxys Technology Corp. Announces Private Placement Offering

BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) is thrilled to share its plans for a strategic move that aims to elevate its operational capabilities. The company intends to initiate a non-brokered private placement offering, introducing up to 14,285,715 units at a price of CAD$0.07 each. This initiative is projected to raise gross proceeds of up to CAD$1,000,000.

Details of the Offering

Each unit in the offering will comprise one common share and one warrant. The warrant will provide investors the option to purchase an additional share at an exercise price of $0.15, available for a period of 24 months after issuance. This structure not only incentivizes investment but also aligns with BioVaxys' vision of enhancing shareholder value.

Utilization of Proceeds

Proceeds derived from this private placement will primarily be directed towards working capital, ensuring sufficient resources to support ongoing research and development initiatives. Additionally, the company may allocate a portion of these funds to cover finder's fees related to the capital raise, further solidifying its commitment to efficient financial management.

Compliance and Regulatory Approvals

The offering is subject to securing necessary regulatory approvals, which include consent from the Canadian Securities Exchange. All securities issued in connection with the offering will face a hold period lasting four months and one day from the issuance date, consistent with applicable securities laws.

Company Overview

Founded to revolutionize biopharmaceutical approaches, BioVaxys Technology Corp. operates at the forefront of immunotherapy development. The company officially specializes in advanced treatments utilizing its proprietary DPX™ immune-educating technology platform and its unique HapTenix© 'neoantigen' tumor cell construct platform. These cutting-edge technologies are geared towards tackling a variety of medical challenges including cancers, infectious diseases, and other immunological conditions.

Innovative Technologies of BioVaxys

With its DPX™ platform, BioVaxys has made significant strides in creating targeted and durable immune responses, capable of delivering antigens to regional lymph nodes. This technology has already shown promise in pre-clinical and clinical settings, demonstrating effective responses in treating both cancer and infectious diseases.

Community and Investor Connections

BioVaxys encourages interested parties to stay connected and updated through various platforms including X and LinkedIn, where they can find the latest developments and community engagement opportunities. Staying informed can provide valuable insights into how the company is navigating the dynamic biopharmaceutical landscape.

Conclusion

With the initiation of this private placement offering, BioVaxys is poised to deepen its commitment to innovative healthcare solutions while enhancing its operational capabilities. The funds raised will support critical projects that can further propel the company's impact within the biopharmaceutical realm.

Frequently Asked Questions

What is the purpose of BioVaxys' private placement offering?

The offering aims to raise funds for working capital, supporting ongoing research and development projects.

How many units will be offered in this placement?

Up to 14,285,715 units are being offered at a price of CAD$0.07 per unit.

What will each unit consist of?

Each unit will consist of one common share and one whole share purchase warrant.

What price can the warrants be exercised at?

The warrants can be exercised at a price of $0.15 for a period of 24 months post-issuance.

Where can I find more information about BioVaxys?

More information can be obtained by visiting BioVaxys Technology Corp.'s official website or connecting through their social media platforms.

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