Midatech Pharma files shelf registration in the US
Midatech Pharma PLC (LON:MTPH) (NASDAQ:MTP) has filed what’s called a shelf registration with the US Securities & Exchange Commission that would allow it to raise up to US$50mln.
The permission, when granted, would remain in place for three years and would allow the biotechnology company to tap the market quickly and efficiently.
Midatech could issue plain equity or American depositary shares in one or more tranches, the announcement said.
“The filing of a shelf registration statement, a common practice by NASDAQ-listed companies, is intended to provide the company with more timely and efficient access to the US capital markets,” the company told UK investors.
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/903312/midatech-pharma-files-shelf-registration-in-the-us-903312.html
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