Valneva (VALN) said Wednesday it has renewed the sales agreement related to its at-the-market offering, which it entered in August 2022, but hasn't used so far.
The company said that under the financing program, it can offer and sell from time to time a total of up to $75 million of American depositary shares, each representing two of its ordinary shares.
Valneva said that Jefferies, as sales agent, will arrange the sale of any ADSs on the company's behalf.
The company plans to use any net proceeds to help fund the manufacturing, commercialization, research and development of its products and candidates, working capital and other general corporate purposes.
Price: 7.15, Change: +0.08, Percent Change: +1.13
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.