MeiraGTx closes public offering of 12.5M shares at $4.00, netting $48.3M

MeiraGTx Holdings plc

Public offering of 12,500,000 ordinary shares at $4.00/share completed August 13, 2024; net proceeds ~$48.3M.
Proceeds intended for general corporate purposes, including working capital and capital expenditures.
Company expects existing cash plus net proceeds and near-term J&J milestones to fund operations into Q2 2026.
J&J Asset Purchase Agreement provides up to $285M in milestone payments upon first commercial sale of bota-vec for XLRP.

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