Valneva SE announced a private placement of 20,250,000 ordinary shares on September 30, 2022. The transaction will include participation from new investor, Deep Track Capital, LP which will subscribe to 50% of the placement while the balance has been subscribed by investors who already have a stake in the capital. After completion of the offer, Deep Track Capital, LP and BPI will respectively hold 6.97% and 7.60% of company's capital.

The dilution of the operation is -18%.