Immunocore Holdings (IMCR) has released an update.
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On January 29, 2024, the Company announced a private offering of $300 million of convertible senior notes due 2030, with an option for initial purchasers to buy an additional $45 million of notes. The proceeds are intended for accelerating the clinical pipeline, commercial expansion, repaying existing loans, and other corporate purposes. The offering details are in a confidential memorandum, and the securities are not registered under the Securities Act or state laws, being available only to qualified institutional buyers.
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