Ascendis Pharma A/S (ASND) has released an update.
Ascendis Pharma A/S, a company focused on developing medical treatments for diseases, has announced changes to its capital structure through various authorizations for warrant and share capital issuances. The Board of Directors has been empowered to issue warrants and increase share capital, both with and without preemptive rights for current shareholders, through cash contributions, contributions in kind, or conversion of debt at market prices. Notably, the company has authorized the issuance of convertible bonds and subsequent share capital increases upon conversion, aiming to strengthen its financial position and facilitate future growth.
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