CatalystWireBeta

Result of Retail Offer

In brief · summary, not quotable

CRISM Therapeutics Corporation announced the successful completion and closure of its Retail Offer on 28 May 2026, which was significantly oversubscribed. The Directors have exercised their right to increase the Retail Offer size to £245,000 through the issuance of 2,450,000 Ordinary Shares, pending shareholder approval at the General Meeting on 15 June 2026. The proceeds from this offer, combined with the Placing announced on 26 May 2026, will provide crucial funding to secure grant funding, advance the Phase 2 clinical trial of irinotecan-ChemoSeed for glioblastoma, and support the development of docetaxel-ChemoSeed for prostate cancer.

Full announcement

Select text to share a quote on X · sign in to keep highlights & notes in your CRTX notes

This Announcement does not constitute a prospectus or offering memorandum or an offer in respect of any securities and is not intended to provide the basis for any investment decision in respect of CRISM Therapeutics Corporation or other evaluation of any securities of CRISM Therapeutics Corporation or any other entity and should not be considered as a recommendation that any investor should subscribe for or purchase any such securities.

CRISM Therapeutics Corporation

("CRISM", "CRISM Therapeutics" or the "Company")

Result of Retail Offer

CRISM Therapeutics Corporation (AIM: CRTX), a UK clinical-stage drug delivery company focused on the localised and sustained delivery of chemotherapy drugs, is pleased to announce that the Retail Offer which launched on 26 May 2026 has successfully completed and closed today at 11:00 a.m.

The Retail Offer was significantly oversubscribed and in the light of the oversubscription, the Directors have elected to exercise their right to increase the size of the Retail Offer to £245,000 through the issue of 2,450,000 Ordinary Shares, subject to approval by Shareholders of the Resolutions at the Company's General Meeting to be held on 15 June 2026.

The proceeds of the Retail Offer, together with the Placing announced on 26 May 2026, will provide the Company with the finance required to help secure significant grant funding, subject to confirmation, progress its Phase 2 open-label clinical trial of irinotecan-ChemoSeed for the treatment of glioblastoma, and support the continued development of docetaxel-ChemoSeed for prostate cancer.

Completion of the Retail Offer and issue of the Retail Offer Shares is conditional, inter alia, upon approval of the Shareholders at the General Meeting to be held on 15 June 2026.

Capitalised terms not defined shall have the same meaning as given to them in the Circular, posted to Shareholders on 27 May 2026.

The Company's LEI is 213800XFW6MKVCHHPW88.

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

Share this quote

Quote card
Post on X WhatsApp Download image

The link opens this announcement with the quote highlighted. Quotes are checked against the original text.

Add a note