other material
confidence high
sentiment neutral
materiality 0.75
DiaMedica raises $30M in private placement at $3.92/share for DM199 development
DiaMedica Therapeutics Inc.
- Gross proceeds of $30M from sale of 7,653,060 common shares at $3.92 each.
- Closing expected September 28, 2021; net proceeds to fund DM199 clinical development including ReMEDy2 trial.
- Ten accredited investors participate; shares unregistered but resale registration to be filed with SEC.
- Funds also allocated to working capital and general corporate purposes.