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Addex Therapeutics issued 93 million new shares to create treasury shares, but the total shares available stayed the same.

New sharesRead the original at globenewswire.com
Neutral

Addex issued 93 million shares to its wholly owned subsidiary to keep for possible future financing. Shares held outside the company stayed the same, and no completed financing is reported, so the news does not change its outlook.

ADXN · Addex Therapeutics

AI read · Neutral

The AI's read

This gives Addex a way to use the shares in a later financing. The report does not say it has raised cash or completed a financing. Since shares held outside the company did not increase, the change does not alter its outlook today.

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