Curasight A/S has successfully completed a directed issue of shares of approximately DKK 20 million
June 22, 2026
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Curasight A/S ("Curasight" or the "Company" – TICKER: CURAS) has, in accordance with the intention announced by the Company through a press release, on June 22, 2026, resolved on a directed issue of a total of 1,120,605 shares (the “Directed Issue”). A number of Nordic, international, institutional and professional investors participated in the Directed Issue, including both new and existing shareholders. Through the Directed Issue, Curasight receives approximately DKK 20 million before transaction costs. The Directed Issue has been carried out pursuant to the authorization from the Company's general meeting to the Board of Directors under article 5.1.2 of the Company’s articles of association. The subscription price in the Directed Issue has been set at DKK 17.80 per share (the “Subscription Price”), through an accelerated bookbuilding procedure carried out by Sedermera Corporate Finance AB (“Sedermera”). Curasight recently reported encouraging interim data from its Phase I uTREAT[®] study. Following these results, the Company has carried out the Directed Issue to strengthen its working capital and support the continued clinical development of uTRACE[®] and uTREAT[®] through the end of H1 2027. In connection with the Directed Issue, the Company has also renegotiated the outstanding loan from Fenja Capital II A/S ("Fenja Capital", the "Lender").
The Directed Issue
The Board of Directors of Curasight has, based on authorization from the general meeting stated in article 5.1.2 of the Company’s articles of association resolved on a directed issue of shares. The Subscription Price in the Directed Issue has been set at DKK 17.80 per share and has been determined through an accelerated bookbuilding procedure carried out by Sedermera. The Subscription Price corresponds to a discount of approximately 10.28 percent in relation to the volume weighted average price (VWAP) of the Company's share on Spotlight Stock Market during the period from and including 2026-05-06 to and including 2026-06-22. A number of Nordic and international investors participated in the Directed Share Issue, including new and existing shareholders.
Prior to the Directed Issue, the Company's Board of Directors has made an overall assessment and carefully considered the possibility of raising capital through a rights issue. The Board of Directors considers that the reasons for deviating from the shareholders’ pre-emption right are (i) that a rights issue would take a significantly longer time to complete and entail a higher risk for a material adverse effect on the share price, (ii) to diversify and strengthen the Company's shareholder base with Nordic, international, institutional and professional investors, and to strengthen the share's liquidity, (iii) carrying out a directed share issue can be made at lower costs and with less complexity than a rights issue and, the Board of Directors has assessed that a rights issue would also entail a risk of not being fully subscribed or necessitate significant underwriting commitments and (iv) to ensure a strong balance sheet. Considering the above, the Board of Directors has assessed that the Directed Issue, with deviation from the shareholders’ pre-emption rights, is the most favorable alternative for Curasight.
By establishing the Subscription Price in the Directed Issue through an accelerated bookbuilding procedure, it is the assessment of the Board of Directors that the Subscription Price has been determined on market terms.
Motives and use of proceeds
Curasight recently reported encouraging interim data from its Phase I uTREAT® study. Following these results, the Company has carried out the Directed Issue to strengthen its working capital and support the continued clinical development of uTRACE® and uTREAT® through the end of H1 2027. The net proceeds from the Directed Issue are intended to be utilized as follows:
- Strengthen working capital ahead of clinical data readouts and development milestones across Curasight’s uTREAT® and uTRACE® programs
- Finalization of next generation peptide in uTREAT® for the basket-trial
- Submission of an FDA Investigational New Drug (IND) application for uTREAT® in brain cancer
- Preparation of next-phase clinical studies (Phase 1b/2 or expansion cohorts)
The Board of Directors assesses that the net proceeds from the Directed Issue will be sufficient to fund the Company’s operations until the end of H1 2027.
Loan Facility
In connection with the Directed Issue, the Company has renegotiated the outstanding loan facility with Fenja Capital. The loan facility was secured in December 2025 and amounted to DKK 40 million, structured in two tranches. The first tranche of DKK 25 million, structured as a convertible loan, was drawn in connection with the directed share issue completed in December 2025. In March 2026, Fenja Capital converted part of the loan, and as of today, the outstanding amount under the first tranche totals approximately DKK 20.7 million. During Q2 2026, the Company has also drawn the second and final tranche of the facility, amounting to DKK 15 million. Accordingly, the total outstanding loan amounts to approximately DKK 35.7 million (the “Total Outstanding Loan”).
Following the renegotiation, the maturity date for the Total Outstanding Loan from Fenja Capital has been extended from 29 December 2026 to 30 June 2027.
Number of shares, share capital and dilution
Through the Directed Issue, the Company's share capital will increase by DKK 56,030.25, from DKK 2,417,610.20 to DKK 2,473,640.45, through a new issue of 1,120,605 shares, which means that the total number of shares will increase from 48,352,204 shares to 49,472,809 shares and will result in a dilution of approximately 2.27 percent of the capital for existing shareholders who did not participate in the issue.
Advisors
Sedermera Corporate Finance AB acts as Sole Global Coordinator and bookrunner in connection with the Directed Issue. DLA Piper is the Company's legal advisor.
This disclosure contains information that Curasight is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 22-06-2026 23:11 CET.
For more information about the Directed Issue, please contact:
Sedermera Corporate Finance AB
Phone: +46 (0)40 615 14 10
E-mail: [email protected]
For further information about the Company, please contact:
Ulrich Krasilnikoff, CEO, Curasight A/S
Phone: +45 22 83 01 60
E-mail: [email protected]
www.curasight.com
