Offering sells 918,025 of the company's shares at CHF 10.50 per share
By Devika Patel
Knoxville, Tenn., Oct. 12 - Addex Therapeutics said it raised CHF 9.64 million from a private placement of stock. Jefferies was the agent.
The company sold 918,025 ordinary shares at CHF 10.50 per share. The price per share is a 12.5% discount to the Oct. 11 closing share price of CHF 12.00.
The medical research company is based in Geneva.
| Issuer: | Addex Therapeutics
|
| Issue: | Ordinary shares
|
| Amount: | CHF 9,639,263
|
| Shares: | 918,025
|
| Price: | CHF 10.50
|
| Warrants: | No
|
| Agent: | Jefferies
|
| Settlement date: | Oct. 12
|
| Stock symbol: | Switzerland: ADXN
|
| Stock price: | CHF 12.00 at close Oct. 11
|
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