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Genflow Biosciences raised £440,000 by issuing 40 million shares to CEO Eric Leire, with shares set to list on the LSE on Oct. 16.
Genflow Biosciences PLC terminated its initial share subscription plan and completed a new equity issuance on October 9, 2025, raising £440,000 before expenses by issuing 40 million shares at 1.1 pence each to CEO Eric Leire.
Leire will retain 4.5 million shares and transfer 35.5 million to existing shareholders.
Both parties received 24-month warrants exercisable at 1.2 pence per share.
The shares are expected to be admitted to the London Stock Exchange’s main market on October 16, increasing total issued shares to 493,547,942.
The company stated the alternative transaction is less dilutive and more favorable to shareholders.
The announcement contains inside information under UK Market Abuse Regulation.
Genflow Biosciences recaudó £440,000 mediante la emisión de 40 millones de acciones al CEO Eric Leire, con acciones programadas para cotizar en la LSE el 16 de octubre.