OncoZenge resolves on a rights issue of approximately SEK 33.3 million and publishes preliminary financial information for the second quarter of 2026
OncoZenge AB (publ) (the “Company” or “OncoZenge”) announces today that the Board of Directors has resolved, based on the authorization granted by the annual general meeting held on May 27, 2026, to carry out a share issue of up to approximately SEK 33.3 million with preferential rights for OncoZenge’s shareholders (the “Rights Issue”). Members of the Board of Directors, senior management and certain larger shareholders have entered into subscription commitments amounting to approximately SEK 5.5 million, corresponding to approximately 16.4 percent of the Rights Issue. In addition, the Company has received guarantee commitments from Vator Securities AB totaling approximately SEK 21.2 million, corresponding to approximately 63.6 percent of the Rights Issue. The Rights Issue is thus covered to approximately 80 percent by subscription and guarantee commitments. The Rights Issue is intended to finance the execution of the Company's Phase III study with BupiZengeTM, as well as related preparatory and operational activities. The Company also publishes preliminary financial information for the second quarter of 2026. For the second quarter of 2026, OncoZenge’s net sales amounted to SEK 5.8 million. The operating loss amounted to SEK 5.4 million (2.6), while the loss after tax amounted to SEK 5.7 million (2.6). Cash flow for the period amounted to SEK -0.2 million (0.3) and earnings per share before and after dilution amounted to SEK -0.40 (-0.22).