BioAmber announced it will begin trading on the TSX under the symbol BIOA starting May 3, 2017.
BioAmber (NYSE:BIOA) announced it will officially be trading on the TSX under the symbol BIOA starting May 3, 2017.
As quoted in the press release:
BioAmber’s previously issued special warrant (the “Special Warrant“) was automatically exercised, on April 28, 2017, for 2,224,199 Common Shares (the “Underlying Shares“) following the issuance of a receipt for its final prospectus qualifying the Underlying Shares by the British Columbia Securities Commission.
The Special Warrant was issued in a private placement on December 30, 2016, at a price of US$4.00 per Underlying Share issuable upon the exercise of the Special Warrant, resulting in gross proceeds to the Company of US$8,896,796. The proceeds were placed in escrow and were released to the Company concurrently with the automatic exercise of the Special Warrant.