Today, the subscription period starts in 2cureX’s rights issue

May 9 | 2019

Today, on the 9th of May 2019, the subscription period in 2cureX AB’s (“2cureX”) rights issue prior to the market launch of IndiTreat® starts. The subscription period runs until the 23rd of May 2019. A fully subscribed rights issue will provide 2cureX with approx. SEK 24.7 million before issue costs. Ahead of the rights issue, 2cureX has received subscription commitments from, among others, senior executives and board members and also entered into agreements regarding top-down guarantee. In total, the subscription commitments and the top-down guarantees corresponds to approx. 79 percent of the issue volume. Memorandum, teaser and subscription form is available through the websites of the company (www.2curex.com) and Sedermera Fondkommission (www.sedermera.se). At Sedermera Fondkommission’s website, there is also the possibility to subscribe via BankID.

Motivation for the rights issue

2cureX has, since the listing on Nasdaq Stockholm First North in November 2017, achieved all stated objectives. Furthermore, the company has accelerated the development by initiating clinical validation studies together with clinical partners within two further cancer indications as well as preventive cancer medicine. Thanks to the intensive development and the CE-IVD marking received at the end of 2018, 2cureX has the opportunity to do a pre-launch of IndiTreat® in selected key markets, followed by a potential earlier market launch. In order to take advantage of the extensive interest in IndiTreat®, the Board of Directors of 2cureX has now decided on a rights issue of a total of approximately SEK 24.7 million before issue costs. The issue proceeds are intended to finance the pre-launch and market launch of IndiTreat®, the completion of ongoing clinical validation studies and the establishment of commercial test centers in the countries where market launch is planned. 2cureX currently has clinical testing centers in Germany and Denmark, but has the ambition to also launch test centers in Sweden and England during 2019. The issue proceeds are expected to carry 2cureX to a positive cash flow, which is expected to be reached in 2021.

The offer in brief

Subscription period: 9-23 May 2019.
Subscription price: SEK 11.95 per share.
Issue volume: The offer comprises a maximum of 2,070,000 shares, corresponding to approximately SEK 24.7 million.
Record date and preferential rights: Record date was May 3rd, 2019. Last day for trading in the share including the right to receive subscription rights was April 30th, 2019. The first day for trading in the share excluding the right to receive subscription rights was May 2nd, 2019. Those who on the record date May 3rd, 2019 were registered as shareholders in 2cureX AB owns preferential rights to subscribe for shares in the rights issue. For each existing share one (1) subscription right is received. Five (5) subscription rights entitle to subscribe for one (1) new share. The public is also invited to subscribe for shares in the rights issue.
Pre-subscription commitments and guarantee commitments: 2cureX has received pre-subscription commitments of approx. SEK 12.5 million, corresponding to approx. 50 percent of the issue volume and guarantee commitments of approx. SEK 7 million, corresponding to approx. 29 percent of the issue volume. In total, pre-subscription commitments and guarantee commitments correspond to approx. 79 percent of the total issue volume. The guarantee is a so-called "Top guarantee", which means that if e.g. the rights issue is subscribed to 85 percent, the guarantee commitment will be executed for the remaining 15 percent up to a fully subscribed rights issue. For the guarantee commitment, a cash premium of ten percent is paid.
Number of shares before new issue: 10,350,000 shares.
Trading in subscription rights: Will take place on Nasdaq Stockholm First North during the period May 9th until May 21st, 2019.
Trading in BTA: Will take place on Nasdaq Stockholm First North from May 9th, 2019 and continue until the new issue has been registered with the Swedish Companies Registration Office. This registration is expected to take place in mid-June 2019.

Financial advisor, issuing agent and legal advisor

Sedermera Fondkommission is the financial advisor and issuing agent of 2cureX in connection with the rights issue. Markets & Corporate Law acts as the legal advisor.

Certified Adviser

Sedermera Fondkommission
E-mail: ca@sedermera.se
Phone: +46 40 615 14 15

For more information about 2cureX:

Ole Thastrup, CEO
E-mail: ot@2cureX.com
Phone: +45 22 11 53 99
URL: www.2curex.com

About 2cureX

2cureX has developed a test called IndiTreat® (Individual Treatment Design), which is a patented method for selecting the right drug for the right patient. IndiTreat® establishes thousands of 3D micro-tumours that are functionally similar to the patient’s tumour. From a large panel of approved cancer treatments IndiTreat® selects the best treatment for the individual patient. IndiTreat® is expected to become a standard tool in the treatment design for cancer patients.

IndiTreat® is currently being clinically validated in colorectal cancer, ovarian cancer, pancreatic cancer and preventive cancer medicine. The clinical studies are conducted at major cancer hospitals in Denmark, Germany and United Kingdom.

The company is listed at the Nasdaq First North stock exchange in Stockholm (symbol “2CUREX”).