Mind Medicine (MNMD) announced that it intends to offer and sell, subject to market conditions, common shares and, to certain investors, pre-funded warrants to purchase common shares in an underwritten public offering. All of the common shares and pre-funded warrants are being offered by MindMed. MindMed intends to use the net proceeds from this offering to fund the research and development of its product candidates and working capital and general corporate purposes. MindMed may also use a portion of the net proceeds to invest in or acquire additional businesses or compounds that it believes are complementary to its own, although it has no current plans, commitments or agreements with respect to any future acquisitions as of this date. Jefferies, Leerink Partners, and Evercore ISI are acting as the joint bookrunning managers for the offering.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MNMD:
- Mind Medicine’s Phase 3 Trial of MM120: A Potential Breakthrough for Depression Treatment
- Mind Medicine’s Phase 3 Trial for Anxiety Disorder: A Potential Game-Changer?
- Mind Medicine’s Phase 3 Trial for Anxiety: A Potential Game-Changer?
- Psychedelic: Needham initiates coverage of atai, GH Research, MindMed
- MindMed Issues Inducement Grant to New Employee
