Forbion European Acquisition Corp. announced that it has entered into share subscription agreements to issue 5,550,408 class A shares at an issue price of $10.25 per share for gross proceeds of $56,891,682 on May 16, 2023. The transaction included participation from new investor enGene Holdings, and other PIPE Investors.

The company issued securities exemption from registration requirements thereof provided by Section 4(a)(2) of the Securities Act and/or Regulation D.