MMEDF - MindMed announces $50M bought deal public offering

Mind Medicine ([[MMEDF]] -10.3%) has entered into an agreement with Canaccord Genuity Corp., on behalf of a syndicate of underwriters to purchase, on a bought deal basis pursuant to the filing of a short form prospectus, an aggregate of 11,364,000 units of Mind Medicine at a price of C$4.40/Unit for aggregate gross proceeds of C$50M.Each Unit shall consist of one subordinate voting share and one-half of one Subordinate Voting Share purchase warrant of Mind Medicine.Underwriters granted an option to purchase up to an additional 1,704,600 Units at the Issue Price.Net proceeds of the Offering to be used for investment in Project Lucy, Albert (the Company's digital medicine division), additional microdosing research and development, Project Layla (18-MC) as well as general working capital.

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MindMed announces $50M bought deal public offering