Genedrive confirms £0.6m equity prepayment drawdown
Genedrive
5.38p
16:49 26/04/24
-4.44%
-0.25p
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
755.28
17:14 26/04/24
n/a
n/a
Health Care Equipment & Services
11,713.81
16:59 26/04/24
-0.20%
-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.