Ondine Biomedical Secures £3.54M in Funding Round

Ondine Biomedical, Inc. (GB:OBI) has released an update.

Ondine Biomedical Inc., a company listed on AIM, has successfully raised approximately £3.54 million through increased investor demand in its recent fundraising efforts. The company will issue around 50.5 million new shares, which will represent roughly 18.2% of its enlarged share capital, with trading expected to start on AIM around May 9, 2024. Additionally, investors will receive one warrant for every two shares purchased, exercisable within nine months.

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