The previously announced private placement of 15 million euros has been completed.
Belgium-based AgTech company Biotalys has successfully closed a private placement of 5.3 million new shares, raising funds to further its development of sustainable, protein-based biocontrol solutions for crop protection.
The shares were issued at 2.83 euros each, representing a 10 percent discount on the company's 30-day average share price.
The new shares, listed on Euronext Brussels since October 16, 2024, account for around 16.5 percent of Biotalys’ outstanding shares before the transaction. These shares carry the same rights as existing ones.
KBC Securities, Belfius Bank, Kepler Cheuvreux, and Rabobank acted as Joint Global Coordinators for the placement, which helps strengthen Biotalys’ financial position as it advances its AgTech innovations.
