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AdAlta Launches $1.29M Rights Offer to Accelerate CAR-T Licensing Push

9:25am on Monday 5th of May, 2025 AEST Biotechnology
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AdAlta Launches $1.29M Rights Offer to Accelerate CAR-T Licensing Push

9:25am on Monday 5th of May, 2025 AEST
Key Points
  • Pro rata renounceable offer of 428.8 million new shares at 0.3 cents each
  • One new option issued for every two new shares subscribed
  • Funds targeted to advance CAR-T licensing, AD-214 and WD-34 development, and working capital
  • Offer underwritten up to $300,000 by Mahe Capital with CEO underwriting $35,000
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