BBLN - Babylon Holdings files to sell 145.89M Class A ordinary shares

October, 17 2022 09:38 AM Babylon Holdings Limited Class A

Babylon ( NYSE: BBLN ) has agreed to sell an aggregate of 145.89M of its Class A ordinary shares to certain institutional and other accredited investors in a private investment in public equity at a price of $0.42122/share.
Babylon anticipates that the gross proceeds from the Initial Subscriptions will be $61.45M, before deducting offering expenses payable by the Co.
Babylon expects to use the proceeds from the PIPE to fund the ongoing development of its digital-first platform and services for managing population health, working capital and other general corporate purposes.
The closing of the PIPE is expected to occur on or about November 3, 2022.

For further details see:

Company Name:	Babylon Holdings Limited Class A
Stock Symbol:	BBLN
Market:	NYSE