BioSenic raises €500,000 in private placement of new shares with established new investors

PRESS RELEASE – REGULATED INFORMATION

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.

Mont-Saint-Guibert, Belgium, 2 February 2024, 17:30 CET – BioSenic (Euronext Brussels and Paris: BIOS), the clinical-stage company specializing in serious autoimmune and inflammatory diseases and cell therapy, today announces that it raised €500,000 in gross proceeds through a private placement of 12,195,120 new shares at an issue price of €0,041 per share with institutional investors, Gestys Santé Biotech and Friedland Gestion.

BioSenic intends to use the net proceeds of the placement, together with other sources, to prepare for an IND application with FDA for the Phase 3 clinical study with oral arsenic trioxide (OATO) in the first-line treatment of chronic graft-versus-host disease (cGvHD). They will also cover general business expenses, mainly related to clinical regulatory requirements and BioSenic corporate activities.

In line with its financing strategy, the private placement will allow BioSenic to continue exploring more funding options in the coming months to further strengthen its balance sheet and cash position. The payment and delivery of the new shares are expected to take place on or about 6 February 2024. At the same time, an application will be made to admit the new shares to trading on the regulated markets of Euronext Brussels and Euronext Paris, and a listing prospectus will be published by the company.

The new shares to be issued will have the same rights and benefits as, and rank pari passu in all respects with, the existing and outstanding shares of BioSenic at the moment of their issuance. A copy of the report prepared by the board of directors of BioSenic in accordance with the Belgian Code on Companies and Associations further describing, among others, the capital increase, the consequences thereof and the justification of the issue price is made available in the Investors section (under Regulated financial information – Share and Bond Issues) on BioSenic's website.