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MediciNova Announces Closing of US$20 Million Private Placement Transaction


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
MediciNova Announces Closing of US$20 Million Private Placement Transaction
MediciNova, Inc.January 31, 2021 GMT
LA JOLLA, Calif., Jan. 31, 2021 (GLOBE NEWSWIRE) MediciNova, Inc., a biopharmaceutical company traded on the NASDAQ Global Market (NASDAQ:MNOV) and the JASDAQ Market of the Tokyo Stock Exchange (Code Number: 4875), today announced the closing of the previously announced private placement transaction under a Securities Purchase Agreement, dated January 11, 2021, pursuant to which MediciNova issued US$20 million in shares of its common stock to 3D Opportunity Master Fund, a fund managed by 3D Investment Partners Pte. Ltd. (“3D”). ....

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