Standby Equity Purchase Agreement (SEPA)

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MediciNova Announces Signing of a Standby Equity Purchase Agreement for up to $30 Million
Globenewswire· 2025-07-31 23:30
LA JOLLA, Calif., July 31, 2025 (GLOBE NEWSWIRE) -- MediciNova, Inc., a biopharmaceutical company traded on the NASDAQ Global Market (NASDAQ: MNOV) and the Standard Market of the Tokyo Stock Exchange (Code Number: 4875) (the “Company”), announces a Standby Equity Purchase Agreement (SEPA) for up to $30 million worth of common stock over the course of 36 months. Under the Agreement, the Company shall have the right, but not the obligation, to sell its common stock in individual transactions – or advances – w ...