Genedrive confirms £0.6m equity prepayment drawdown
Genedrive
2.05p
16:50 03/12/24
12.02%
0.22p
Genedrive confirmed a planned £0.6m drawdown as part of its £5m equity prepayment facility on Tuesday, which it initially disclosed on 31 March 2023.
FTSE AIM All-Share
735.09
17:14 03/12/24
n/a
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Health Care Equipment & Services
10,525.80
16:59 03/12/24
-0.23%
-23.76
The AIM-traded firm said that as a result, investors would be issued 3,093,915 warrants, representing 40% of the drawdown's value divided by the reference price of 7.7572p.
It said the warrants would have an exercise price of 140% of the reference price, equating to 10.86p.
At 1336 GMT, shares in Genedrive were down 0.92% at 8.05p.
Reporting by Josh White for Sharecast.com.