NuCana (NCNA) canceled all remaining Series A Warrants, issued in the registered direct offering on May 7, 2025, pursuant to its letter agreements with the holders of the Series A Warrants, having raised the full amount of capital required to complete the cancellation through its at-the-market offering. This follows the Company’s June 27, 2025 announcement of the agreements to cancel the remaining Series A Warrants, 59.5M as at June 26, 2025, in exchange for a payment of $3.6M. This initiative fully eliminates all overhanging rights from the registered direct offering in May 2025.
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