goetzpartners advised Kuros Biosciences in a placement of new shares

Deal Announcement

 

Kuros Biosciences (SIX:KURN) announced on June 29,2017 that it sold 1,151,606 new shares (excluding an over-allotment option of up to 200,000 shares) to existing and new investors at a price of CHF 12.50 per share. In total, Kuros raised gross proceeds of CHF 14.4 million (or CHF 16.9 million if the over-allotment option will be exercised in full). The new funds will fund Kuros’ commercial activities, in particular the market launch of novel products MagnetOS and Neuroseal as well as certain important activities for the ongoing Fibrin-PTH development programs.

The capital increase was conducted as an “at market” rights offering and an offering for shares, for which rights were not exercised. The new shares from the Company’s authorized capital were sold by way of a public offering in Switzerland and a private placement to qualified institutional investors outside of Switzerland in compliance with applicable securities laws. After completion of the transaction, the number of registered shares of Kuros will amount to 7,600,929, representing an 18 % increase of the issued share capital. As part of the offering, the Company has granted to Zürcher Kantonalbank an over-allotment option to purchase up to 200,000 additional newly-issued registered shares to cover over-allotments and for stabilization purposes.

Züricher Kantonalbank, goetzpartners and Octavian were acting as Joint Placement Agents for Kuros in the offering.

About Kuros Biosciences Ltd

Kuros Biosciences is focused on the development of innovative products for tissue repair and regeneration and is located in Schlieren (Zurich), Switzerland. The Company is listed according to the International Financial Reporting Standard on the SIX Swiss Exchange under the symbol KURN. Visit www.kuros.ch for additional information on Kuros, its science and product pipeline.

goetzpartners Team

Ulrich Kinzel
Managing Director
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Herbert Werle
Managing Director
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Erland Sternby
Marketing Sales

Tanya Tracey
Corporate Access