InflaRx Announces Proposed Offering of Common Shares and One-Year Warrants
February 24 2021 - 4:01PM
InflaRx N.V. (Nasdaq: IFRX), a clinical-stage biopharmaceutical
company developing anti-inflammatory therapeutics by targeting the
complement system, announced today that it has commenced an
underwritten public offering of common shares of the Company. For
each common share purchased, an investor will also receive a
warrant to purchase a common share of the Company. The Company
intends to use the net proceeds from the offering primarily to fund
research and development expenses for its clinical and preclinical
research and development activities and for working capital and
general corporate purposes. The offering is subject to market
conditions, and there can be no assurance as to whether or when the
offering may be completed or as to the actual size or terms of the
offering.
Guggenheim Securities, LLC and Raymond James
& Associates, Inc. are serving as joint book-running managers
for the proposed offering.
A shelf registration statement relating to the
securities being sold in this offering was filed with the U.S.
Securities and Exchange Commission (the “SEC”) and was declared
effective by the SEC on July 17, 2020. The offering will be made
only by means of a prospectus and prospectus supplement. A
preliminary prospectus supplement and accompanying prospectus
related to the offering have been filed with the SEC and are
available at the SEC’s website located at www.sec.gov. Copies of
the preliminary prospectus supplement and accompanying prospectus
related to the offering may be obtained by contacting Guggenheim
Securities, LLC, Attention: Equity Syndicate Department, 330
Madison, 8th Floor, New York, NY 10017, or by telephone at (212)
518-9544, or by email to
GSEquityProspectusDelivery@guggenheimpartners.com. The final terms
of the offering will be disclosed in a final prospectus supplement
to be filed with the SEC.
This press release shall not constitute an offer
to sell or a solicitation of an offer to buy these securities, nor
shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About InflaRx N.V.:
InflaRx (Nasdaq: IFRX) is a clinical-stage
biopharmaceutical company focused on applying its proprietary
anti-C5a technology to discover and develop first-in-class, potent
and specific inhibitors of C5a. Complement C5a is a powerful
inflammatory mediator involved in the progression of a wide variety
of autoimmune and other inflammatory diseases. InflaRx was founded
in 2007, and the group has offices and subsidiaries in Jena and
Munich, Germany, as well as Ann Arbor, MI, USA.
Contacts:
InflaRx N.V.Jordan Zwick – Chief Strategy
OfficerEmail: jordan.zwick@inflarx.deTel: +1 917-338-6523
MC Services AGKatja Arnold, Laurie Doyle,
Andreas JungferEmail: inflarx@mc-services.euEurope: +49 89-210
2280US: +1-339-832-0752
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking
statements, including statements about the proposed offering. All
statements other than statements of historical fact are
forward-looking statements, which are often indicated by terms such
as “may,” “will,” “should,” “expect,” “plan,” “anticipate,”
“could,” “intend,” “target,” “project,” “believe,” “estimate,”
“predict,” “potential” or “continue” and similar expressions.
Forward-looking statements appear in a number of places throughout
this release and may include statements regarding our intentions,
beliefs, projections, outlook, analyses and current expectations
concerning, among other things, our ongoing and planned preclinical
development and clinical trials; the impact of the COVID-19
pandemic on the Company; the timing and our ability to commence and
conduct clinical trials; potential results from current or
potential future collaborations; our ability to make regulatory
filings, obtain positive guidance from regulators, and obtain and
maintain regulatory approvals for our product candidates; our
intellectual property position; our ability to develop commercial
functions; expectations regarding clinical trial data; our results
of operations, cash needs, financial condition, liquidity,
prospects, future transactions, growth and strategies; the industry
in which we operate; the trends that may affect the industry or us
and the risks uncertainties and other factors described under the
heading “Risk Factors” in InflaRx’s periodic filings with the
Securities and Exchange Commission. These statements speak only as
of the date of this press release and involve known and unknown
risks, uncertainties and other important factors that may cause our
actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking statements. Given these
risks, uncertainties and other factors, you should not place undue
reliance on these forward-looking statements, and we assume no
obligation to update these forward-looking statements, even if new
information becomes available in the future, except as required by
law.
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