The board of biotechnology company Alligator Bioscience proposes that 1,000 ordinary shares be consolidated into one, with a decision to be made at an extraordinary general meeting on November 27.
The number of ordinary shares will thereby decrease from approximately 3.57bn to 3.57m, while the quota value will increase from SEK 0.005 to SEK 5.
The proposal also includes an adjustment issue of 152 shares and recalculations of the TO 15 and TO 16 warrants. The first trading day after the consolidation is planned for December 8. The meeting will also address authorization to issue shares and board matters.
Alligator Bioscience AB is a Sweden-based biotechnology Company that develops antibody-based drugs for cancer treatment. The Company specializes in the development of tumor-targeted immunotherapies, in particular agonist mono- and bispecific antibodies, and is active in the early stages of drug development, from concept to phase II clinical trials. Alligator’s pipeline includes the two key assets mitazalimab, a CD40 agonist, and ATOR-1017, a 4-1BB agonist. Furthermore, Alligator is co-developing ALG.APV-527 with Aptevo Therapeutics Inc., several undisclosed molecules based on its technology platform, Neo-X-Prime, with MacroGenics Inc. and drug candidates based on the RUBY bispecific platform with Orion Corporation. Its licensed programs include AC101, in phase II development, by Shanghai Henlius Biotech Inc. and an undisclosed target to Biotheus Inc. The Company operates domestically.
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