MeiraGTx raises $62M in private placement at $5.75/share

MeiraGTx Holdings plc

Sold 10,773,913 ordinary shares at $5.75/share for gross proceeds of ~$62M; closed May 5, 2023.
Shares sold to accredited investors under Section 4(a)(2); registration rights agreement requires filing registration statement by August 3, 2023.
Investor Perceptive Life Sciences Master Fund (owns >10% of shares) participated; board member Ellen Hukkelhoven is Head of Biotech at Perceptive Advisors.
No specific use of proceeds disclosed in the filing.

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

MeiraGTx Holdings plc entered into Securities Purchase Agreement with certain accredited investors listed on Schedule 1 thereto (the "Investors") valued at $61,949,999.75 (effective 2023-05-03).

Action: entry
Agreement: equity purchase
Counterparty: certain accredited investors listed on Schedule 1 thereto (the "Investors")
Value: $61,949,999.75
Effective: 2023-05-03

Exact text from the filing

On May 3, 2023, MeiraGTx Holdings plc (the “Company”) entered into a Securities Purchase Agreement with certain accredited investors listed on Schedule 1 thereto (the “Investors”), pursuant to which the Company, in a private placement, agreed to issue and sell to the Investors an aggregate of 10,773,913 ordinary shares, nominal value $0.00003881 per share, at a purchase price of $5.75 per share (the “Shares”), for gross proceeds of $61,949,999.75 before deducting private placement expenses (the “Private Placement”).

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MeiraGTx Holdings plc filing history →

Source: SEC EDGAR

accession 0001558370-23-008883

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