Commitments received for further $550k via placement
Released
Released
Announcement PDF
Cynata Therapeutics Limited
ABN – 98 104 037 372
Level 3, 100 Cubitt Street
Cremorne
VIC 3121
Australia
T: +613 7067 6940
E: info@cynata.com
www.cynata.com
ASX ANNOUNCEMENT 4 November 2026
$913k Entitlement Offer Complete; Firm Commitments
Received to Raise a Further $550k via Placement
Melbourne, Australia; 4 November 2026: Cynata Therapeutics Limited (ASX: “CYP”, “Cynata”, or the
“Company”), confirms that it has raised a total of approximately $912,962 (before costs) from its fully
underwritten pro-rata renounceable entitlement offer (“Entitlement Offer”; see announcement dated
30 October 2026). Additionally, the Company has been advised by the Underwriter of the Entitlement Offer,
Caravel Securities Pty Ltd ACN 655 357 915 (“Carasec”), that firm commitments have been received for a
placement of approximately 55 million new, fully paid ordinary shares (“Placement Shares”) at an offer price
of $0.01 per Placement Share (the same offer price as the Entitlement Offer), to raise a further ~$550,000
before costs (“Placement”).
As with the Entitlement Offer, one free attaching option (“Attaching Option”) will be issued for every three
Placement Shares issued. The Attaching Options will have the same terms as the Entitlement Options issued
under the Entitlement Offer, including an exercise price of $0.02 and an expiry date of 3 May 2029. Carasec
will act as lead manager for the Placement, and will receive a placement fee equal to 6% of the amount raised
under the Placement and 6,000,000 options to acquire Shares in the Company (“Placement Fee Options”).
The terms of the Placement Fee Options will be the same as the terms of the Attaching Options issued under
the Placement.
Commitments to participate in the Placement have been received from certain related parties of the Company
(or their related entities) as follows: Dr Geoff Brooke (Non-Executive Chairman) - $25,000; Dr Kilian Kelly
(Non-Executive Director) - $15,000; Mr Geoff Pocock (nominated for election as a Non-Executive Director at
the Company’s forthcoming Annual General Meeting) - $20,000.
The proceeds of the Placement will be used to provide the Company with greater flexibility to pursue potential
transactions to secure rights to new assets, in addition to paying for the costs of the offer and providing further
working capital, consistent with the use of funds outlined in the replacement Prospectus released on
12 October 2026.
The Placement (including the issue of Placement Shares and Attaching Options) and the issue of the
Placement Fee Options will be subject to shareholder approval, which will be sought at a General Meeting
(“GM”) to be held as soon as practicable. Details of the GM will be communicated in due course.
-ENDS-
Authorised for release by the Board of Directors
CONTACT: investors@cynata.com
About Cynata Therapeutics (ASX: CYP)
Cynata Therapeutics Limited’s (ASX: CYP) core asset is currently the Cymerus™ platform, which offers a genuinely differentiated
approach to manufacturing mesenchymal stromal cells at commercial scale from a single, consistent cell source. The Board is now
focused on evaluating the future development pathways available for this technology, and the broader strategic options open to the
Company. This includes seeking opportunities to realise value from the Cymerus™ technology and obtaining rights to new assets.
Cynata Therapeutics encourages all current investors to go paperless by registering their details with the designated registry service
provider, Automic Pty Ltd.
Share your feedback
Discover