Solvonis Therapeutics Raises £2 Million to Accelerate Mental Health Therapeutics Development

 

Solvonis Therapeutics plc (LSE:SVNS) has successfully raised approximately £2.0 million via the issuance of new ordinary shares, representing a significant portion of its pre-fundraise share capital. The fundraising, led by joint brokers Allenby Capital Limited and Singer Capital Markets Securities Limited, is set to strengthen Solvonis’s financial position and support its strategic initiatives in advancing mental health therapeutics. The new shares will be admitted to trading on the London Stock Exchange, with trading expected to begin on 27 May 2025. Participation from key company directors underlines strong internal confidence in Solvonis’s future growth prospects.

About Solvonis Therapeutics

Solvonis Therapeutics plc is a biotechnology company focused on co-developing innovative treatments for mental health disorders, aiming to address unmet needs in this critical healthcare sector.

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• Market Capitalization: £3.79 million

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