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NeuroVive Pharmaceutical AB Rights Issue 270 Percent Oversubscribed


1/31/2014 9:23:34 AM

free biotech news Get the latest biotech news where you want it. Sign up for the free GenePool newsletter today!

NeuroVive Pharmaceutical AB (publ) (STO:NVP) has completed the rights issue approved by an Extraordinary General Meeting on 13 December 2013. The subscription period was 13-27 January 2014. The rights issue was fully subscribed, raising approximately SEK 75.8 m for NeuroVive before issue expenses. Additionally, the Board of Directors has decided to fully exercise its overallocation option of a maximum of 714,286 shares, raising a further SEK 10 m for the company.

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