Bär & Karrer Advises the Managers in the Rights Offering of Kuros Biosciences
On 6 December 2019, Kuros Biosciences, a life science company focusing on the development and marketing of orthobiologics, completed a capital increase by way of a rights offering to its shareholders. 36.3% of the shareholders of Kuros Biosciences exercised their subscription rights in the rights offering. 2,818,718 of the remaining shares not subscribed were preferably allocated to Optiverder B.V. and further remaining shares were placed in the market. The offer price was set at CHF 1.95 per share.
Octavian and Helvetische Bank acted as Managers.
Bär & Karrer acted as legal adviser to the Managers in this transaction. The team included Thomas U. Reutter, Alexander von Jeinsen and Carlo Hunter (all Capital Markets) as well as Christoph Suter and Martin Leu (both Tax).