IMV Inc. enters equity distribution agreement with Piper Sandler & Co.

Date Closed

March 18, 2020

Lead Office

Québec City

Value

30.00 Million USD

On March 18, 2020 IMV Inc. announced that it has entered into an equity distribution agreement with Piper Sandler & Co. Under this agreement, Piper Sandler will act as sale agent to sell at-the-market offering on the Nasdaq for IMV. The common share offering will be by way of prospectus supplement and would have an aggregate offering price of up to US$30 million.

IMV, a clinical-stage biopharmaceutical company, will use the funds raised by this offering for general corporate purposes.

McCarthy Tétrault acted as Canadian counsel to IMV with a team led by Philippe Leclerc and included Myreille Gilbert, Anne-Elisabeth Simard and David Martin.

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