VolitionRx prices $16.5M public offering of 13M shares at $1.27 per share

VOLITIONRX LTD

Gross proceeds of $16.5M from 13M shares at $1.27/share; net proceeds ~$15.4M.
Underwriters granted 30-day option to buy up to 1.95M additional shares at same price.
Net proceeds for R&D, clinical studies, commercialization, working capital, and possible M&A.
Underwriter warrants issued to buy up to 448,500 shares at $2.00/share, exercisable after 6 months.
Offering expected to close on June 5, 2023, subject to customary conditions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

VOLITIONRX LTD entered into Underwriting Agreement with Prime Executions, Inc., doing business as Freedom Capital Markets valued at approximately $15.4 million (effective 2023-06-01).

Action: entry
Agreement: underwriting
Counterparty: Prime Executions, Inc., doing business as Freedom Capital Markets
Value: approximately $15.4 million
Effective: 2023-06-01

Exact text from the filing

On June 1, 2023, VolitionRx Limited (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Prime Executions, Inc., doing business as Freedom Capital Markets (“Freedom”), as representative of the underwriters named therein (collectively, the “Underwriters”), pursuant to which the Company agreed to issue and sell an aggregate of 13,000,000 shares (the “Firm Shares”) of its common stock, par value $0.001 per share (the “Common Stock”), to the Underwriters.

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VOLITIONRX LTD filing history →

Source: SEC EDGAR

accession 0001477932-23-004228

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