4basebio UK Societas (GB:4BB) has released an update.
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4basebio PLC, a biotech firm advancing synthetic DNA production, has announced a major equity issuance and secondary sale, raising a total of £69.4 million to fuel expansion and innovation. The £40.0 million equity issuance will fund business development, infrastructure enhancement, and support for new DNA modalities and geographic growth, while the £29.4 million secondary sale will see a significant change in shareholder composition. Investors Elevage and M&G are set to have a combined 29.9% stake in the company, with strategic board appointments forthcoming, pending regulatory approvals.
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