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AEZS - Aeterna Zentaris secures $30M via equity raise
Aeterna Zentaris Inc.
Aeterna Zentaris' (AEZS) underwriter has agreed to increase the size of the previous offering and purchase ~20.5M common shares at $1.45/share.Expected gross proceeds are ~$29.7M. Underwriter's over-allotment is an additional ~3.08M shares. Net proceeds will be used for general corporate purposes and expansion of pipeline development activities.Closing date is February 19.Shares down 9% after-hours.Previously: Aeterna Zentaris drops 8% on raising $10M capital (Feb. 16)