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PYC Therapeutics Limited ( (AU:PYC) ) just unveiled an update.
PYC Therapeutics has launched an equity raising initiative comprising an accelerated non-renounceable entitlement offer to eligible institutional and retail shareholders and a share placement to institutional investors, all involving new fully paid ordinary shares. The company positions the offer as informational in nature rather than formal investment advice, emphasising that it is not a prospectus and that participation decisions should be based on investors’ own circumstances and independent advice, while also stressing compliance with jurisdictional securities laws, including restrictions on distribution and offering in the United States.
The most recent analyst rating on (AU:PYC) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on PYC Therapeutics Limited stock, see the AU:PYC Stock Forecast page.
More about PYC Therapeutics Limited
PYC Therapeutics Limited is an Australian biotechnology company listed on the ASX that focuses on developing life‑changing therapeutic products, leveraging advanced science to address unmet medical needs.
Average Trading Volume: 477,141
Technical Sentiment Signal: Buy
Current Market Cap: A$933.2M
Learn more about PYC stock on TipRanks’ Stock Analysis page.