Oncolys BioPharma Inc announced a private placement of 34,600 19th Stock Acquisition Rights at a price of ¥610 for gross proceeds of ¥21,106,000 on July 7, 2023. The company is raising funding through third party allotment method. The transaction will include participation from returning investor SMBC Nikko Securities Inc.,Investment Arm.

The transaction is expected to close on July 24, 2023. The stock acquisition rights will be exercisable from July 25, 2023 to July 31, 2025 at ¥625 per stock acquisition right.