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Merus Labs completes $Cdn10mm private placement

Executive Summary

Canadian spec pharma Merus Labs International Inc. sold 10k Series A convertible preferred shares for $1k to a Canadian institutional investor, grossing $Cdn10mm ($9.2mm). The shares, which expire at the end of October 2019, convert into common stock at $Cdn2.20 apiece. The investor may redeem the stock only if Merus does not complete a product acquisition by the end of the year.
Deal Industry
  • Pharmaceuticals
    • Specialty Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement
    • Other

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