RE: £1 Million raised at premium!!11 Jul 2025 07:04
Solvonis Therapeutics plc (LSE: SVNS), a clinical-stage biopharmaceutical company developing novel medicines for addiction and mental health disorders, announces that it has raised gross proceeds of £1.0 million through a direct subscription (the "Subscription") for 333,333,334 new ordinary shares of £0.001 each in the capital of the Company (the "Subscription Shares") at a price of 0.3 pence per Subscription Share (the "Issue Price"). The Issue Price is approximately a 3.5% premium to the closing price of 0.29 pence per share on 10 July 2025.
The Subscription is being undertaken by three of the Company's largest shareholders, reflecting their continued strong support for Solvonis' strategy and execution.