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Oncolytics Biotech® Funds Pelareorep's Ongoing Clinical Development with a Share Purchase Agreement in Partnership with Alumni Capital

  • Oncolytics Biotech Inc. And Alumni Capital LP entered a share purchase agreement on April 10, 2025.
  • Oncolytics needs funding to progress pelareorep toward clinical milestones, minimizing shareholder dilution.
  • The agreement lets Oncolytics sell common stock to Alumni over 15 months.
  • Alumni must purchase up to $20 million of common stock, with no warrants or derivatives.
  • Oncolytics issued 816,326 commitment shares to Alumni; shares got conditional TSX approval.
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Oncolytics Biotech® Funds Pelareorep's Ongoing Clinical Development with a Share Purchase Agreement in Partnership with Alumni Capital

SAN DIEGO and CALGARY, AB, April 10, 2025 /PRNewswire/ -- Oncolytics Biotech® Inc. (NASDAQ: ONCY) (TSX: ONC), a leading clinical-stage company specializing in immunotherapy for oncology, has entered into a share purchase agreement (SPA) with Alumni Capital LP (Alumni), an…

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Clearwater Progress broke the news in on Thursday, April 10, 2025.
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