Portfolio Company Aura Biosciences Announces Closing of USD99 million Public Offering of Common Stock (1770215)
10 Novembre 2023 - 9:00AM
UK Regulatory
Arix Bioscience PLC (ARIX)
Portfolio Company Aura Biosciences Announces Closing of USD99 million Public Offering of Common Stock
10-Nov-2023 / 08:00 GMT/BST
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Arix Bioscience plc
Portfolio Company Aura Biosciences Announces Closing of USD99 million Public Offering of Common Stock
LONDON, 10 November 2023: Arix Bioscience plc ("Arix" or the "Company") (LSE: ARIX), a transatlantic venture capital
company focused on investing in breakthrough biotechnology companies, notes that its Core Portfolio company, Aura
Biosciences (NASDAQ: AURA) ("Aura"), has announced the closing of its underwritten public offering of 11,000,000 shares
of its common stock at a price to the public of USD9.00 per share.
The Company received net proceeds from the Offering, after deducting the underwriting discounts and commissions and
estimated offering expenses payable by the Company, of approximately USD92.6 million. The Company intends to use the net
proceeds from the Offering, together with its existing cash, cash equivalents and marketable securities to advance the
clinical development of belzupacap sarotalocan for the treatment of choroidal melanoma and choroidal metastasis, to
develop the platform and for general corporate purposes. The Company believes that the net proceeds from this offering,
together with its existing cash, cash equivalents and marketable securities, will enable it to fund its operating
expenses and capital expenditure requirements into the second half of 2026.
Arix holds 1,508,483 shares in Aura. The holding value of these shares will continue to be determined by the market
price of Aura's shares.
The full text from Aura's announcement can be accessed on the Aura Biosciences website here: https://
ir.aurabiosciences.com/press-releases
[ENDS]
Enquiries
For more information on Arix, please contact:
Arix Bioscience plc
+44 (0)20 7290 1050
ir@arixbioscience.com
Powerscourt Group
Sarah MacLeod, Ibrahim Khalil, Nick Johnson
+44 (0)20 7250 1446
arix@powerscourt-group.com
About Arix Bioscience plc
Arix Bioscience plc is a transatlantic venture capital company focused on investing in breakthrough biotechnology
companies around cutting-edge advances in life sciences.
We collaborate with exceptional entrepreneurs and provide the capital, expertise, and global networks to help
accelerate their ideas into important new treatments for patients. As a listed company, we are able to bring this
exciting growth phase of our industry to a broader range of investors. www.arixbioscience.com
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Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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ISIN: GB00BD045071
Category Code: MSCM
TIDM: ARIX
LEI Code: 213800OVT3AHQCXNIX43
OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State
Sequence No.: 283959
EQS News ID: 1770215
End of Announcement EQS News Service
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(END) Dow Jones Newswires
November 10, 2023 03:00 ET (08:00 GMT)
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