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Circio Plans NOK50 Million Rights Issue

MT Newswires·12/08/2025 01:57:09
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01:57 AM EST, 12/08/2025 (MT Newswires) -- Circio Holding (CRNA.OL) plans to raise 50 million Norwegian kroner through a partially underwritten and 88.4% pre-subscribed rights issue. The proposed rights issue, which requires approval from an extraordinary general meeting to be held on Jan. 12, 2025, is pre-subscribed by certain existing and new shareholders, and has a guarantee commitment, according to a Monday release. The subscription period is expected to run from Jan. 19, 2026, through Feb. 2, 2026. The Norwegian biotechnology company plans to use the proceeds to fund important research and development milestones for its gene and cell therapy programs.