4basebio Seeks Shareholder Approval for Capital Raise of at Least £15 Million
Bitget2026/10/15 06:07- 4basebio shareholders will vote November 6, 2026, on share issuance authorities for a proposed capital raise of at least £15 million.
- Resolutions would authorize directors to allot new ordinary shares and disapply statutory pre-emption rights for the placing, subscription and retail offer.
- New shares would be issued at 515 pence each, an 8.4% discount to the October 14 closing price.
- Proceeds would support commercial expansion, manufacturing capacity and working capital, extending the cash runway to H2 2028.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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