Immutep Ltd (AU:IMM) has released an update.
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Immutep Limited has announced a significant funding initiative, aiming to raise approximately A$100.2 million through a combination of a fully underwritten placement and a non-renounceable entitlement offer. Shareholders have the opportunity to subscribe for new shares at a ratio of 1 for every 16 held, at an issue price of A$0.38 per share. The company does not anticipate any major changes in control following the new share issuance.
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