Bullboard - Stock Discussion Forum Briacell Therapeutics Corp BCTXW

Primary Symbol: T.BCT Alternate Symbol(s): BCTX

Healthcare Biotechnology

BriaCell Therapeutics Corp. is a clinical-stage biotechnology company that develops novel immunotherapies to transform cancer care. Bria-IMT, its Phase 3 lead candidate, is a patented, off-the-shelf, cell-based, targeted immunotherapy that activates the patient’s immune system to specifically kill cancer cells without harming other cells. The Company is advancing its Bria-IMT targeted... see more

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Briacell Therapeutics Corp > What does "Pre-funded" mean? Not a "nominal price"?

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Post by MineDigger on Mar 15, 2021 2:41pm

What does "Pre-funded" mean? Not a "nominal price"?

Hi, grateful if someone could explain this "pre-funded" lark.

I read, this pdf link, that "pre-funded" warrants have a "nominal" strike price (just a cent normally), but I'm seeing IB showing me the BCTXW strike is U$5.3125.

I see (same pdf) there is an explanation of how pre-funded warrants can be used to avoid exceesing ownership thresholds. Is that what is necessary here does anyone know?

And once that is explained if someone could show me how the offering price is made up (by way of a worked eample hopefully)?

I've held some of these since 2015 and despite averaging down seem to have a b/e price of something that is going to require some impressive clinical results now! That HLA matching seemed to a good idea, should I still be hopeful?

Cheers

MD

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