Ascendis Pharma (ASND) has released an update.
Ascendis Pharma A/S has updated its articles of association, detailing company objects—such as developing and selling medical disease-combatting preparations—and capital structure, with a fully paid share capital of DKK 58,231,484. The company has provisions for issuing warrants and convertible bonds, allowing for capital increases either with or without preemptive rights for existing shareholders. These financial instruments aim to incentivize key stakeholders and facilitate capital inflow, while newly issued shares will carry the same rights as current shares, including transferability and dividend entitlements.
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