Ann: IMUGENE ANNOUNCES A$80 MILLION INSTITUTIONAL PLACEMENT, page-39

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slick

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13/09/22

09:15

Post #: 63662716
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Originally posted by salty74: ↑

IMUGENE ANNOUNCES A$80 MILLION INSTITUTIONAL PLACEMENT
_____________________________________________________________________________________
• Firm commitments received for an $80 million placement at $0.20 per share, representing a
11.1% discount to last close on 9 September 2022
• The company will have a pro-forma cash position of ~A$1751 million on completion of the
Placement, funding the company’s broad clinical pipeline of three platform technologies
• Shares issued under the placement represent a modest 6.8% of existing ordinary shares
• The Placement participants are two leading institutional investors with significant healthcare and
biotechnology experience
• Placement participants will receive 1 free option for every 2 shares received in the offer – the
options are unlisted with an exercise price of $0.33 and expiration of 31 March 2026

I don't like the fact that the inst investors are un named again. Why not just come out and tell us who you are?
Why the discount for $80m? They could have bought smaller chunks on market to get to that figure over a few weeks without diluting us and getting the discount. Plus the free options.

Expand

They don't get named as they are just insto's that specialise in CR's. They're in and out on the next pump and then move on to the next one. Exactly the same as the last CR.
All the BS posts about cornerstone garbage is just that.....garbage. That was just the company using fancy language. Cornerstone placements deal with IPO's not shitty CR's like this.

An incredibly shitty day for management IMO. This has become a laughing stock.

Cheers

'

Last edited by slick: 13/09/22

IMU Price at posting: 22.5¢ Sentiment: None Disclosure: Held
115 Upvote

31 Great analysis

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