Completion of Entitlement Offer
Released
Released
Announcement PDF
ASX Announcement
05 Oct 2023
Completion Of Entitlement Offer
Emyria Limited (ASX: EMD) (“Emyria” or the “Company”) is pleased to announce the results of
its non-renounceable pro rata entitlement offer to eligible shareholders (Entitlement Offer)
announced on 4 September 2023, which closed on 28 September 2023.
The Entitlement Offer was made on the basis of 1 new fully paid ordinary share (“New Share”)
for every 7.5 existing shares held at the record date (13 September 2023) at an issue price of
$0.075 per New Share, plus 1 free attaching new option (“New Option”) for every 2 New Shares
subscribed for and issued.
The Company received valid applications from eligible shareholders totalling approximately
$1.18 million. The results of the Entitlement Offer are as follows:
SHARES
OPTIONS
Maximum securities offered under the Offer 1
44,448,015
22,224,008
Entitlement acceptances 2
15,709,711
7,854,778
Shortfall securities to be placed
28,738,304
14,369,230
It is anticipated that the New Shares and New Options for which valid applications have been
received will be issued on 5 October 2023. The New Shares will rank equally with existing fully
paid ordinary shares on issue. The New Options will have an exercise price of $0.12 and an
expiry date that is 3 years from the date of issue.
Dr. Michael Winlo, CEO of Emyria, commented: "We are very pleased at the high level of
support from our shareholders as reflected in the take-up of entitlements. We see this as a
vote of confidence in our commitment to leading the evolution of mental health treatments
highlighted by our focus on MDMA-assisted therapy and the Pax Centre acquisition.
We're now moving to advance our MDMA-therapy roll-out and drug development initiatives.
On behalf of the Board and Management, we thank our shareholders for backing our vision
to transform mental health.”
Shortfall
The directors and the Lead Manager, Sixty Two Capital Pty Ltd, reserve the right to place the
Shortfall within 3 months of the closing date, subject to the requirements of the ASX Listing
Rules and the Corporations Act 2001 (Cth). The Company will update the market on the issue
of any Shortfall in due course.
Emyria ASX Announcement | 05 Oct 2023
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RECENT TRACTION & UPCOMING MILESTONES
CLINICAL DELIVERY
Advanced mental health care
THERAPY DEVELOPMENT
MDMA-inspired Medicines
Ultra-Pure Cannabinoids
Acquisition of leading
psychological trauma service
First patent family filed
Preclinical Screening
Program for Pain (RX7)
Commencement of
MDMA-assisted therapy
US-focused
preclinical program
Formulation optimisation
(RX7 > RX9)
Expand treatment
offerings
Metabolic studies
AUS Commercial partner
(RX5)
Authorised Prescriber approvals
Preclinical animal models
US Commercial partners
Expansion of clinical footprint
Lead selection
Phase 3 conclusion (RX5)
Engagement with payers
Phase 1 trials
Phase 1 (RX7 & RX9)
Leverage data platform
Global commercial strategy
FDA Pre-IND (RX7 & RX9)
NOTES
1.
These numbers may vary due to rounding of entitlements and may increase as a
result of the rounding up of New Shares and New Options offered under the
Entitlement Offer.
2.
Calculated based on entitlements taken up by eligible shareholders and
additional subscriptions received from eligible shareholders above their
entitlement.
This release has been approved by the Board of Emyria.
FOR FURTHER INFORMATION
Dr. Michael Winlo
Managing Director
+61 (0) 8 6559 2800
mwinlo@emyria.com
Emyria ASX Announcement | 05 Oct 2023
Sara Polanski
Communication Manager
+61 (0) 404 110 099
media@emyria.com
Sufian Ahmad
Corporate Advisor
+61 (0) 412 316 162
info@62capital.com.au
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emyria.com
Emyria Limited is a clinical services and drug development company with a focus on revolutionising
patient outcomes in neuroscience and mental health via:
generates
informs
Clinical Service Delivery: With Emerald Clinics, and the recent acquisition of the Pax
Centre, a leading psychological trauma center, Emyria delivers evidence-based and
emerging therapies for mental health and other unmet needs.
Proprietary Real-World Data (RWD): Through its advanced data platform powered by
Palantir, Emyria collects robust and ethically-sourced Real-World Data to improve its
care models and support its distinct therapy and drug development initiatives.
Drug Discovery & Development: Guided by its RWD, Emyria is developing several
proprietary Ultra-Pure cannabinoid dose forms and advancing them towards
registration. In parallel, we are establishing one of the world's largest libraries of
MDMA-like compounds in partnership with the University of Western Australia.
EMYRIA’S INTERACTIVE INVESTOR HUB
Investorhub.emyria.com Interact with Emyria’s announcements and updates
by asking questions and comments, which our team can respond to where possible.
paxcentre.com.au
The Pax Centre specialises in treating individuals grappling with the psychological impacts
of traumatic experiences. Our treatment approach is highly personalised, addressing a wide
range of mental health issues, from PTSD and depression to anxiety disorders and substance
abuse, often stemming from various life traumas.
Complex trauma, characterised by repeated, relational traumatic events often occurring during
developmental stages, requires specialised attention due to its pervasive and lasting impact.
In these cases, The Pax Centre prioritises early diagnosis and evidence-based treatments.
We also focus on proactive strategies for health expansion and personal growth, empowering
our clients with skills and tools to improve wellbeing and performance. At the Pax Centre, we
believe in transforming lives through focused, evidence-based mental health care.
emeraldclinics.com.au
Emerald Clinics is an Australian-based, patient-centric clinical service specialising in providing
treatments for patients with complex and chronic conditions, where traditional therapies might not
have yielded satisfactory results.
Leveraging our deep expertise with unregistered medicines, such as cannabinoids, we strive to
pioneer and personalise care for our patients. Our robust, ethically-sourced data collection methods
underpin our commitment to improving patient outcomes and advancing healthcare innovation.
CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS Any statements in this press release about future expectations,
plans and prospects for the Company, the Company’s strategy, future operations, and other statements containing the words “anticipate,”
“believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” and
similar expressions, constitute forward-looking statements. Actual results may differ materially from those indicated by such forward-looking
statements as a result of various important factors, including: the Company’s ability to successfully develop its product candidates and timely
complete its planned clinical programs and the Company’s ability to obtain marketing approvals for its product candidates. In addition, the
forward-looking statements included in this press release represents the Company’s views as of the date hereof. The Company anticipates that
subsequent events and developments will cause the Company’s views to change. However, while the Company may elect to update these
forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking
statements should not be relied upon as representing the Company’s views as of any date subsequent to the date hereof.
Emyria ASX Announcement | 05 Oct 2023
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