Immuron Limited Announces Increase of At-the-Market Offering Program by $2.85 Million

Reuters
Oct 03
Immuron Limited Announces Increase of At-the-Market Offering Program by $2.85 Million

Immuron Limited has announced an increase to its at-the-market (ATM) offering program with H.C. Wainwright & Co., LLC, allowing the company to offer and sell additional American Depositary Shares (ADSs) representing its ordinary shares. The maximum aggregate offering price under the ATM Agreement has been increased by approximately $2.85 million. The ADSs will be issued and sold from time to time at Immuron's discretion, with proceeds intended to support the company's ongoing operations and growth initiatives. Sales will be conducted pursuant to the company's effective shelf registration statement on Form F-3 and related prospectus.

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