SYNACT
SynAct Pharma announces intention to carry out a directed issue of approximately 45 MSEK
SynAct Pharma AB ("SynAct Pharma" or the "Company") announces its intention to carry out a directed issue of new shares of approximately SEK 45 million to Swedish and international qualified investors, through an accelerated bookbuilding procedure (the “Directed Issue”). The Company has mandated Navia Corporate Finance AB (“Navia”) to evaluate the conditions for carrying out the Directed Issue. The subscription price in the Directed Issue will be determined through an accelerated bookbuilding procedure (the “Bookbuilding”), which will commence immediately following the publication of this press release. A number of the Company’s major shareholders, including Hunter Capital and Johannes Schildt, have expressed interest in participating in the Directed Issue. The Company intends to use the net proceeds from the Directed Issue to create increased financial flexibility and fund an extension of the runway to support post-data partnering discussions. In addition, the undrawn credit facility of SEK 30 million obtained by the Company, and announced, on 3 June 2025, has been increased to SEK 40 million and extended to 28 February 2027.