Ambassador of the Health Valley, AC Immune, SA (NASDAQ: ACIU), a Swiss-based, clinical-stage biopharmaceutical company focused on neurodegenerative diseases, announced the closing of its previously announced second subscription rights offering to eligible shareholders to subscribe for 1,500,000 newly issued common shares at a price per common share of USD 11.75, for gross proceeds of USD 17.6 million.
As previously announced, on July 23, 2018, AC Immune closed its first subscription rights offering and registered public offering of 8,500,000 of its common shares at an offering price of USD 11.75 per share for aggregate gross proceeds of USD 99.9 million, bringing aggregate gross proceeds for all three offerings to USD 117.5 million.