Defence Therapeutics completes $9.6 million private placement at $0.55 per unit

Reuters2026/09/06 17:14

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Defence Therapeutics completed a non-brokered private placement on March 6, 2026, issuing 17,445,455 units at $0.55 for $9.6 million.
Sorbie Bornholm LP, Sorbie Investments LLP subscribed for 10,909,091 units for $6 million; placement shares were allotted to them.
An 18-month cash-settlement sharing agreement uses a $0.73 benchmark price; monthly payments vary versus the 20-day VWAP.
First settlement paid $182,623 on Aug. 14, 2026, tied to release of 606,060 placement shares.
Escrow holds 10,303,031 placement shares; 17 settlement payments remain.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Defence Therapeutics Inc. published the original content used to generate this news brief on September 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Defence Therapeutics completes $9.6 million private placement at $0.55 per unit

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