Subsidiary Tanvex BioPharma USA,Inc.
that the company has resolved to conduct
issuance of new shares through cash capital increase
Date of events
2022/02/18
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/02/18
2.Source of capital increase funds:cash capital increase
3.Whether to adopt shelf registration (Yes, please state issuance period/No):
None.
4.Total monetary value of the issuance and number of shares issued (shares
issued not including those distributed to employees if consisting in
capital increase from earnings or capital surplus):USD 56,000,000
5.If adopting shelf registration, monetary value and number of shares
to be issued this time:None.
6.The remaining monetary value and shares after this issuance when
adopting shelf registration:None.
7.Par value per share:None.
8.Issue price:None.
9.Number of shares subscribed for by or allocated to employees:None.
10.Number of shares publicly sold:None.
11.Ratio of shares subscribed by or allotted as stock dividends to existing
shareholders:None.
12.Handling method for fractional shares and shares unsubscripted for by
the deadline:None.
13.Rights and obligations of these newly issued shares:Same rights and
obligations as those of the original common shares.
14.Utilization of the funds from the capital increase:
To increase working capital.
15.Any other matters that need to be specified:None.
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Tanvex Biopharma Inc. published this content on 18 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 February 2022 14:01:05 UTC.
Tanvex BioPharma, Inc. is a Cayman Islands-based biopharmaceutical company focused on the biosimilar market. The company has expertise in areas, including strain and cell-line development in both microbial and mammalian systems, cell culture, protein purification, process scale-up, drug substance and product manufacturing, and others. The Companyâs product pipeline includes Neupogen (TX-01), Herceptin (TX-05), Neulasta (TX-04), Avastin (TX-16), Perjeta (TX-52), and others. The Company offers a vertically integrated manufacturing platform for biopharmaceuticals. The Company is developing and delivering biologic and biosimilar drugs to people.