Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

Fintech PR

Regenics AS completes first tranche of a NOK 54 M private placement to initiate Collex® clinical trials

Published

on

regenics-as-completes-first-tranche-of-a-nok-54-m-private-placement-to-initiate-collex-clinical-trials

Regenics raises NOK 20.4 million in new equity, in the first of a total NOK 54 million two-tranche investment, from Nordic Blue hf., a newly formed Icelandic holding company focusing on investments in Blue Economy.

OSLO, Norway, Aug. 13, 2024 /PRNewswire/ — Regenics AS, a private Norwegian biotechnology company based in Oslo (the “Company”), today announced that it has closed the first tranche of a non-brokered private placement with Nordic Blue hf. by issuing up to 2,523,647 units (the “Units”) at a price of NOK 8.1 per Unit which represent aggregate gross proceeds of NOK 20.4 million. Nordic Blue will after the first tranche own 20.0 % of outstanding shares in Regenics.

Each Unit consists of one common share in Regenics AS and one- and one-half share purchase warrants (a “Warrant”). Each Warrant will entitle Nordic Blue to purchase one common share, at a price of NOK 9 per unit, until December 31st 2024, representing an additional capital raise of 34 MNOK.

The Company anticipates closing the second and final tranche of the private placement within the next six months. The closing of the final tranche is subject to the Company achieving certain company and product development milestones.

In connection with the Private Placement, the Company, two of the largest current investors, and Nordic Blue have entered into an Investor and Shareholder Agreement whereby the Company has granted certain rights to Nordic Blue including a nomination right with respect to two directors on the board of the Company. The Haf Investments fund, managed by Iceland Funds, is the largest investor in Nordic Blue, and will take one of the board positions in Regenics.

“We are excited to bring in such knowledgeable investors that have had previous success in the field of bio tech and who recognize the potential that our company and products represent,” said Jan A. Alfheim, Board Chair of Regenics. “Their investment and participation at the board level will be of great value in helping Regenics bring our first lead candidate Collex® into a phase one clinical trial in treatment of burns and further onto the market.”

Brynjolfur Eyjolfsson, Fund Manager, Haf Investments and chairman of Nordic Blue hf. commented, “We are excited to embark on this journey with Regenics, which aligns perfectly with the marine biotech emphasis in the investment strategy of the Haf Investment fund. We believe that Regenics has established a strong foundation and has an enormous potential in the field wound care. Partnering with experienced investors to pave the way for success is decisive and we look forward to the journey ahead.

About Collex®

Collex® is an advanced wound dressing designed to aid healing of partial thickness burns and chronic wounds, including diabetic and chronic vascular ulcers. With Collex®, Regenics aims to redefine the current standards of care in wound treatment.

Collex® is a hydrogel wound dressing constructed with all-marine ingredients, sourced from the Norwegian coast. One of Regenics’ major innovations, HTX™, is a key component of Collex® and is sourced and purified from unfertilized salmon roe. Collex® is currently in the late pre-clinical stage, with significant beneficial effects on wound healing rates demonstrated.

Advertisement

About Regenics

Regenics AS is a private Norwegian biotechnology company based in Oslo. The company is developing a range of wound care products, with a current pipeline of two medical devices and one novel drug product candidate to meet unmet medical needs in a multi-billion dollar wound care market.

Target indications for Regenics product candidates include burns, diabetic wounds, chronic wounds, and enzymatic wound debridement.

About Nordic Blue

Nordic Blue Is a a newly formed Icelandic holding company focusing on investments in Blue Economy, with versatile shareholders, with many of the investors having a background in marine biotechnology, pharmaceuticals and fisheries.

About Haf Investments

Haf Investments (IS Haf Fjárfestingar slhf.) invests in unlisted companies across the seafood value chain and in supporting industries. The investment strategy covers five categories, from fishing and aquaculture to high technology, infrastructure development, marketing and marine biotechnology. The largest investors in the fund are Icelandic pension funds together with UR Seafood (Útgerðarfélag Reykjavíkur hf.), which is a cornerstone investor in the fund, and Brim hf. The fund is managed Iceland Funds hf., which is the first and one of the largest Icelandic fund management companies, established in 1994. It is a wholly owned subsidiary of Íslandsbanki and is supervised by the Icelandic Financial Supervisory Authority (FME). The company provides investments offering for individuals, companies, municipalities, pension funds and other institutional investors. 

For further information, please contact:

Jan A. Alfheim, Board Chair
Cell: +47 46 44 00 45
Email: jal-alfh@online.no 

or

Advertisement

Karl Bryn, CEO
Cell: +47 92 80 93 90
Email: karl@regenics.no 

This information was brought to you by Cision http://news.cision.com

View original content:https://www.prnewswire.co.uk/news-releases/regenics-as-completes-first-tranche-of-a-nok-54-m-private-placement-to-initiate-collex-clinical-trials-302220738.html

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fintech PR

BingX Joins NBX 2025 as a Gold Sponsor: Empowering Blockchain Innovation

Published

on

bingx-joins-nbx-2025-as-a-gold-sponsor:-empowering-blockchain-innovation

PANAMA CITY, March 15, 2025 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, is excited to announce its participation as a Gold Sponsor at the 5th edition of Next Block Expo (NBX), scheduled for March 19-20, 2025, at Multikino Złote Tarasy in Warsaw, Poland. As one of Europe’s premier Web3 events, NBX 2025 is expected to attract over 2,000 attendees, making it a key platform for blockchain innovation and collaboration.

NBX serves as a dynamic hub for industry leaders, startups, investors, and developers, fostering knowledge-sharing and networking opportunities to drive the future of blockchain. As a firm advocate for Web3 advancements, BingX will showcase its ongoing commitment to innovation through an interactive booth, featuring engaging activities, expert insights, and exclusive giveaways. Attendees will gain firsthand knowledge of how BingX supports high-potential blockchain projects with financial backing, technical expertise, and strategic growth consultations.

In addition to its sponsorship, Vivien Lin, Chief Product Officer of BingX, will be a key speaker at NBX 2025, contributing to discussions on strategic trading approaches, risk management, and the evolving landscape of blockchain investments. She will also deliver a keynote speech exploring BingX’s vision for blockchain innovation and how the company translates emerging technologies into real-world applications.

“At BingX, we believe that true innovation comes from bold ideas and strategic execution,” said Lin. “Sponsoring NBX 2025 is more than just a presence for us — it’s a commitment to fostering a thriving blockchain ecosystem. We are here to connect with visionaries, provide the resources they need, and help shape the future of decentralized technology. By empowering builders and innovators, we’re not just supporting projects — we are accelerating the evolution of Web3 itself.”

BingX’s participation at NBX 2025 underscores its long-term vision of driving blockchain innovation and supporting the next generation of industry leaders. As BingX continues to expand its global footprint, initiatives like this sponsorship reinforce its role as a catalyst for growth in crypto space. By engaging with emerging projects, thought leaders, and investors, BingX remains at the forefront of Web3 advancements, bridging the gap between groundbreaking ideas and real-world impact.

About BingX 

Founded in 2018, BingX is a leading crypto exchange, serving over 20 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.

For more information please visit: https://bingx.com/

Photo – https://mma.prnewswire.com/media/2642425/BingX_NBX_Event_PR_Banner_1920x1080.jpg

Logo – https://mma.prnewswire.com/media/2310183/BingX_logo_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/bingx-joins-nbx-2025-as-a-gold-sponsor-empowering-blockchain-innovation-302402414.html

Advertisement
Continue Reading

Fintech PR

Great Bay Insurance Group announces executive changes

Published

on

great-bay-insurance-group-announces-executive-changes

WEST ATLANTIC CITY, N.J., March 14, 2025 /PRNewswire/ — The Great Bay Insurance Group (the “Group”), a leading provider of coastal homeowners’ insurance in New Jersey, today announced the following leadership changes. Timothy J. Byrne, Jr., has been named as President of the Group and Ronald R. Lovatt has been named President of Great Bay Insurance Company, a wholly owned affiliate of the Group.

Mr. Byrne Jr. has nearly 15 years of industry experience and previously served as the Group’s Chief Operating Officer overseeing the Groups operations and underwriting strategies. 

Mr. Timothy J. Byrne, Sr., Chief Executive Officer of the Group, added, “I’m excited to announce the promotion of Tim Jr. to the role of President of The Great Bay Insurance Group and Ron to the role of President of Great Bay Insurance Company. Tim Jr. and Ron have been an integral part of the Group since its founding in 2019.”

As President, Tim Jr. will provide oversight for all corporate support functions and will continue to report to Tim Sr. 

Mr. Byrne Jr. holds a BS in Economic and Mathematics from the University of Vermont, an MBA in Risk Management and Insurance from St. John’s University and holds a CPCU designation.

Mr. Lovatt has 40 years of broad insurance industry experience in leadership capacities with international, national, regional and start-up insurance companies. Ron is a founding member of The Great Bay Insurance Group, working with Tim Sr. & Tim Jr. to launch Great Bay in late 2019. Ron currently serves as Chief Underwriting Officer & Chief Claims Officer for The Great Bay Insurance Group, has an MBA from The Wharton School of the University of Pennsylvania, and a Bachelor of Science degree in Economics, Finance, Accounting & Marketing from Miami University.

Contact:
Investor Relations
Brian Schleider, CPA
Chief Financial Officer
609-434-2000, x102

brian.schleider@greatbayinsure.com

Logo – https://mma.prnewswire.com/media/2641485/GBIH_logo_Logo.jpg 

Cision View original content:https://www.prnewswire.co.uk/news-releases/great-bay-insurance-group-announces-executive-changes-302401923.html

Advertisement
Continue Reading

Fintech PR

Forward Global responds to surge in UK shareholder activism with launch of UK Corporate Contests Practice

Published

on

forward-global-responds-to-surge-in-uk-shareholder-activism-with-launch-of-uk-corporate-contests-practice

LONDON, March 14, 2025 /PRNewswire/ — International risk management firm Forward Global launched its UK Corporate Contests Practice on Tuesday in response to what is described as “all-time high of shareholder activism” in London and Paris. 

Speaking ahead of the launch on Tuesday night, Brendan Foo, Partner and Global Head of Corporate Contests at Forward Global, said “As activism gains currency as an asset class, savvy investors are looking toward the UK and Europe to generate alpha. Indeed, in 2025 alone, we have seen an unprecedented demand for our services not just in our traditional strongholds of the US and Canada, but also in the UK and Europe. This reflects the surge in activist (and active) engagements, with which our team is uniquely well-placed to assist.”

Forward Global’s Corporate Contests Practice was established to meet demand from law firms, investors, and advisers to provide a comprehensive suite of services to support companies in high-stakes shareholder engagements. In keeping with the firm’s established activism practice in the US, the new London offering will deliver investigative and intelligence work such as vetting board nominees, relationship mapping, scrutinizing the track records of both incumbents and challengers, and conducting deep-dive reputation analyses. In Europe, Forward Global’s Patrice Lambert-de Diesbach offers clients battle-tested expertise in investor relations and financial communications.

Shareholder activism in the UK has expanded significantly, with campaigns becoming more frequent and sophisticated. In 2023, the number of new public activist campaigns in Europe surged by 68%, with the UK remaining a primary target. US-based activist investors have also increased their focus on UK firms, launching 40% of all UK activist campaigns in 2024. With contested boardroom battles and regulatory shifts on the rise, the expansion of Forward Global’s Corporate Contests practice into the UK is well-timed, equipping issuers with the intelligence and strategies needed to navigate this evolving landscape.

The firm launched the new practice at an exclusive gathering at the International Institute of Strategic Studies in London, bringing together leading voices from the shareholder activism space to discuss the evolving landscape of transatlantic shareholder activism.

The panel discussion, featuring Brendan Foo, Patrick J. McHugh of Okapi Partners, and Sebastian Fain of Freshfields, explored critical considerations for US investors entering the UK market and vice versa, differences in engagement styles across jurisdictions, and strategies for issuers to proactively engage with both activist and active investors. Panelists also examined the impact of anti-DEI and ESG sentiment on investor relations in the UK, as well as how issuers can adapt to evolving regulatory and institutional expectations.

John Watts, Managing Partner of Forward Global UK, added, “Forward Global’s new UK Corporate Contests Practice is designed to provide companies with the strategic intelligence and investigative depth needed to navigate an increasingly complex activist landscape. Our team is committed to equipping clients with the tools to engage proactively with investors, safeguard their strategic interests, and strengthen shareholder relations across Europe.”

Advertisement

Notes for Editors

Forward Global is an international group, with its historic headquarters in France, boasting five main offices in Paris, Brussels, London, Miami, and Washington. As a leading player in risk management with over 450 employees and 30 partners, Forward Global offers an integrated approach across the three major risks: digital, economic, and informational.

Logo: https://mma.prnewswire.com/media/2641946/Forward_Global_Logo.jpg

 

Cision View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/forward-global-responds-to-surge-in-uk-shareholder-activism-with-launch-of-uk-corporate-contests-practice-302402058.html

Continue Reading

Trending