Molecular Partners (MOLN) has released an update.
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Molecular Partners AG is set to sell 3,642,988 American Depositary Shares, each representing an ordinary share, to various underwriters including Leerink Partners LLC and TD Securities. The shares are priced at $5.1606 each, and the transaction is expected to close on October 29, 2024. This move is part of a significant capital increase aimed at bolstering the company’s financial standing.
For further insights into MOLN stock, check out TipRanks’ Stock Analysis page.