Thelma Therapeutics to raise 10 bln won via stock sale

Thelma Therapeutics-capital increase

Thelma Therapeutics to raise 10 bln won via stock sale

SEOUL, Nov. 10 (Yonhap) -- Thelma Therapeutics Co.on Thursday announced that it will sell stock to raise 10 billion won(US$7.3 million). The proceeds from the stock offering will be used primarily to finance its operations.

According to a regulatory filing, the company will issue some 14.28 million common shares at a price of 700 won per share. The stock will be sold to the investors that the firm designated.

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