IMV Inc IMVIF

IMV Files Amendment Shelf Prospectus

[davgro]

BRIEF-IMV Files Amendment Shelf Prospectus To Increase Aggregate Amount Of Securities To $200 Mln From $125 Million 2020-10-15 05:16:13 PM ET (Reuters)

 

Oct 15 (Reuters) - IMV Inc: * IMV INC FILES AMENDMENT SHELF PROSPECTUS TO INCREASE AGGREGATE AMOUNT OF SECURITIES THAT MAY BE OFFERED FROM TIME TO TIME FROM $125 MILLION TO $200 MILLION * IMV INC - AS OF THE DATE OF THIS AMENDMENT, CO HAS DISTRIBUTED COMMON SHARES WITH AN AGGREGATE PRINCIPAL AMOUNT OF $24.5 MILLION UNDER THE PROSPECTUS Source text: (https://bit.ly/3lQZOS5) Further company coverage:

[Biotech010]

good news is coming. They had enough room in the current shelf... so something big is coming. Also, more then $60 mln in cash... with the burn rate of 6 mln per q, they have 2 years of cash. My guess... Merck is going for a deal in DLBCL and wants to invest in equity.