Bright Minds Bioscience closes US$35 million non-brokered private placement

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4 Nov 2024

Bright Minds Biosciences Inc. closed a US$35 million non-brokered private placement, comprised of common shares priced at US$21.70 each and pre-funded warrants at US$21.699 per warrant.

Prominent healthcare investors participated, including Cormorant Asset Management, RA Capital Management, Perceptive Advisors, Janus Henderson Investors, Vivo Capital, Acuta Capital Partners, and Schonfeld Strategic Advisors.

Parties

Company

Bright Minds Biosciences Inc.

Law Firm / Organization

McMillan LLP

Company

Cormorant Asset Management

Law Firm / Organization

Cormorant Asset Management

Deal Type

Public/Private Offering

Industry

Healthcare

Transaction

$ 49,221,025

Deal Status

Closed

Closing Date

04 November 2024