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Biosynex SA ( (FR:ALBIO) ) has issued an update.
Biosynex SA successfully completed a capital increase, securing gross proceeds of 7.99 million euros by issuing 7,987,161 new shares at a significant discount. This fundraising effort, oversubscribed by 107%, will strengthen the company’s balance sheet, support its cash flow, and assist in meeting financial restructuring commitments, indicating robust investor confidence and strategic financial positioning.
More about Biosynex SA
YTD Price Performance: 10.0%
Average Trading Volume: 356
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €21.49M
For an in-depth examination of ALBIO stock, go to TipRanks’ Stock Analysis page.