Date: 2011-11-04
Type of information: Private placement
Company: Genfit (France)
Investors: Yorkville Advisors LLC (USA)
Amount: €93,500
Funding type: private placement
Planned used:
Others: Genfit has announces a €93,500 private placement to YA Global Master SPV Ltd, a fund managed by Yorkville Advisors LLC. This second capital increase operation finalized on November 4, 2011 follows the delegations granted to the Management Board by the third and fourth resolutions adopted by the Extraordinary General Meeting held on September 28, 2011. These new shares have been subscribed to compensate a one-time commitment fee due by Genfit to YA GLOBAL. Shareholders’ equity is reinforced by the issuance of 50,000 new Company shares. These shares will have the same rights than the existing ones. The post-operation Company’s share capital will be made of 13,630,678 shares.
Therapeutic area: Cardiovascular diseases - Metabolic diseases - Liver diseases
