Results of Fully Underwritten Entitlement Offer

Summary by 6ix AI

Cynata Therapeutics Limited reports the results of its fully underwritten entitlement offer, which closed recently. The company received valid applications for a portion of the new shares and entitlement options, indicating a modest take-up rate. The remaining shares will be subscribed for by the underwriter, Caravel Securities Pty Ltd, as per the underwriting agreement. Following the offer, the company expects to raise a total amount before costs.

Written by 6ix AI from the company’s filing. How 6ix writes summaries