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AdAlta Limited (ASX:1AD)
ALERT: Price-sensitive ASX Announcement for 1AD
Current share price for 1AD : $0.004 0 (0%)+
Announcement
Release
28 Oct 2025 9:10AM
Price at Release
$0.004
Full Release
Summary
AdAlta Limited (ASX:1AD) reported its quarterly activities for the period ending 30 September 2025, focusing on its 'East to West' cellular immunotherapy strategy. The company announced significant advancements in licensing contract negotiations for its CAR-T products and reported raising $1.6 million through 'at market' placements to strengthen its balance sheet. The report highlighted a cash balance of $0.55 million at the quarter's end, noting cash management initiatives that reduced operating costs by 26% compared to the previous quarter. AdAlta anticipates further financial strengthening through upcoming strategic transactions, shareholder-approved placements, and R&D Tax Incentive rebates.
Key Points
- Progress in 'East to West' cellular immunotherapy strategy.
- Raised $1.6 million through 'at market' placements.
- Cash balance at quarter end was $0.55 million.
- Operating costs reduced by 26% from the previous quarter.
- Strategic transactions and R&D Tax Incentive rebates anticipated to improve financials.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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