Scancell: Trinity Delta
has raised c £10.3m (gross) through an oversubscribed Placing (to new and existing institutional shareholders) and Subscription, with a total of 97,467,141 new shares to be issued. The issue price for the fundraise is 10.5p. An additional up to £1m may also be raised through a Retail Offer to all qualifying shareholders, which will close on 9 December. New shares are expected to be admitted to trading on 10 December. The fundraise extends Scancell’s runway beyond key clinical data outcomes, including for SCIB1/iSCIB1+ and Modi-1 (more details below), and will allow Scancell to explore potential partnering/out-licencing from a position of strength.
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