Fermentalg SA announced that it will issue 2,909,090 common shares at an issue price of 2.75 per share for gross proceeds of 7,999,997.50 on December 16, 2021. The transaction includes participation from new investors, NextStage AM for 1,090,909 shares and individual investor, Theodore H. Nixon for 1,818,181 shares. The shares are issued at a discount of 10%.
The transaction is expected to close on December 21, 2021. Post-closing of the transaction, the capital of the company will consist of 39,921,587 shares. Post-closing of the transaction, Theodore H. Nixon and NextStage AM will hold 4.6% stake and 2.7% stake in the company respectively.