BioAmber Announces Trading on Toronto Stock Exchange Market Commencing on May 3, 2017 – Special Warrant Automatically Exercised
BioAmber Inc. is pleased to announce that its common stock (“Common Shares”) will begin trading on the TSX under the symbol “BIOA” beginning May 3, 2017. . The CUSIP number will be 09072Q106, the same CUSIP as the Common Shares currently traded on the New York Stock Exchange (“NYSE”). BioAmber’s previously issued special warrant (the “Special Warrant”) was automatically exercised, on April 28, 2017, for 2,224,199 Common Shares (the “Underlying Shares”) following the issuance of a receipt for its final prospectus qualifying the Underlying Shares by the British Columbia Securities Commission.
The Special Warrant was issued in a private placement on December 30, 2016, at a price of US$4.00 per Underlying Share issuable upon the exercise of the Special Warrant, resulting in gross proceeds to the Company of US$8,896,796. The proceeds were placed in escrow and were released to the Company concurrently with the automatic exercise of the Special Warrant.