What happened
GemVax & Kael updated the terms of convertible bonds to raise US$10.1M, about 2.8% of its market value.
For context, this raise equals about 2.8% of the company's market value, which is the rough scale of potential new-share dilution.
| Instrument | Convertible bonds |
|---|---|
| Raise amount | US$10.1M |
| vs. market value | 2.8% |
| Filed | 2026-08-20, [Amended] Material event report (rights offering) |
| Source | DART rcept 20260820000369 → open original filing |
Source: DART. Information only, not investment advice.