Lloyds Banking Group to Close Invoice Factoring Business by End of 2025 
Samsung Electronics Secures Annual U.S. Licence for China Chip Equipment Imports in 2026 
Lockheed Martin Secures $92.8M AEGIS Sustainment Contract from U.S. Navy 
Royalty Pharma Stock Rises After Acquiring Full Evrysdi Royalty Rights from PTC Therapeutics 
Vanda Pharmaceuticals Wins FDA Approval for New Motion Sickness Drug After Four Decades 
Citigroup to Exit Russia With Sale of AO Citibank to Renaissance Capital 
Star Entertainment Leadership Shake-Up Deepens as CFO and COO Exit Amid Ongoing Restructuring 
Elon Musk’s xAI Expands Supercomputer Infrastructure With Third Data Center to Boost AI Training Power 
Neuralink Plans Automated Brain Implant Surgeries and Mass Production by 2026 
Disney Agrees to $10 Million Settlement Over Child Privacy Violations on YouTube 
Boeing Secures Multi-Billion Dollar Defense Contracts for F-15IA Jets and E-4B Aircraft Support 
ByteDance Plans Massive AI Chip Spending Boost as Nvidia Demand Grows in China 
Vietnam’s EV Taxi Giant GSM Eyes Hong Kong IPO With $2–3 Billion Valuation 
SoftBank Completes $41 Billion OpenAI Investment in Historic AI Funding Round 
BP’s Castrol Stake Sale Raises Debt Relief Hopes but Sparks Cash Flow Concerns 
Air China Orders 60 Airbus A320neo Jets in $9.5 Billion Deal as Airbus Strengthens Grip on China Market 
Leapmotor Targets 4 Million Annual EV Sales as Global Expansion Accelerates 
Highlights:
- Placement completed, with oversubscriptions accepted up to $13.9 Million
- Fidelity Investments follows on to maintain 10.6% ownership of the Company
- IFM Investors and Regal FM to become substantial shareholders post-transaction
- Medibio now fully funded to pursue aggressive commercialisation and IP strategy
SYDNEY, Australia and MINNEAPOLIS, Oct. 12, 2017 -- Medibio Limited (ASX:MEB)(OTCQB:MDBIF) is pleased to announce that it has received firm commitments to raise $13.9 million via the placement of 38,736,640 ordinary shares at a price of $0.36 per share. The placement will be conducted in a single tranche using the Company’s existing placement capacity under ASX Listing Rule 7.1 and 7.1A.
The funds will allow the Company to:
- Build out organisational infrastructure for product commercialisation
- Establish requirements and testing of products and products under development for future market verticals
- Development of technology platform and infrastructure, including engineering capability, to support commercialisation
- Position Medibio for regulatory approvals on future products
Aesir Capital Pty Ltd acted as Sole Lead Manager to the transaction.
About Medibio Limited
Medibio (ASX:MEB) (OTCQB:MDBIF) is a mental health technology company that has pioneered the use of objective biometrics to assist in the screening, diagnosing, monitoring and management of depression and other mental health conditions. The company was founded in Australia, with offices located in Melbourne (Vic), and U.S. offices in Minneapolis, MN and Palo Alto, CA. Medibio is listed on the Australian Securities Exchange Ltd and trades on the OTCQB Venture Market www.otcmarkets.com and www.asx.com.au.
Additional disclosure required by listing rule 3.10.5A
In accordance with listing rule 3.10.5A in relation to shares issued under the Company’s 7.1A capacity details of the placement are:
Effect of raising
The effect of the announced raising on the capital structure of the Company is set out below.
| Number | Dilution | ||
| Shares currently on issue | 156,196,558 | ||
| Placement | |||
| Shares to be issued under LR7.1 placement capacity | 23,141,984 | 14.82 | % |
| Shares to be issued under LR7.1A placement capacity | 15,594,656 | 9.98 | % |
| Total Shares on issue after completion of the Placement | 194,933,198 | 24.80 | % |
The Company believes the benefits from funds raised in this placement at a discount to the 15-day VWAP of 11.9% outweigh the inability of shareholders to participate. The placement was not underwritten and direct costs of the raising are up to 7.5% of funds raised.
Further Information: Website: www.medibio.com.au Medibio Shareholder Enquiries: Jack Cosentino CEO and Managing Director Medibio Limited [email protected] T: +1 (952) 465 4787 Australian Media Enquiries: Peter Taylor NWR Communications [email protected] T: +61 (0) 412 036 231
