14th Aug 2020 11:05
(Alliance News) - Healthcare IP commercialisation firm NetScientific PLC on Friday said it has subscribed to GBP500,000 worth of stock in investee PDS Biotechnology Corp.
The Nasdaq-listed biotechnology company closed an underwritten public offering of 6.9 million shares at USD2.75 each, raising USD19.0 million.
NetScientific subscribed for 236,000 shares. Net Scientific now holds a 5.8% stake in PDS.
Net Scientific shares were 0.6% lower at 7.80 pence each in London on Friday morning. PDS shares were 0.3% higher at USD2.95 each in pre-market trade in New York.
By Eric Cunha; [email protected]
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