PrimeDrink Group Plans Non-Brokered Private Placement to Raise Up to $5 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 18 2025
0mins
Source: Globenewswire
- Funding Objective: PrimeDrink Group Corp. is proceeding with a non-brokered private placement aiming to raise a minimum of $300,000 and a maximum of $5 million to support business development and general working capital needs.
- Unit Structure: Each unit is priced at $1,000 and consists of 16,667 common shares and 16,667 transferable warrants, with an expected issuance of 5 million to 83.33 million common shares, thereby strengthening the company's capital base.
- Warrant Terms: Each warrant allows the holder to purchase a common share at $0.06 per share for three years, providing potential appreciation opportunities for investors and enhancing market appeal.
- Regulatory Approval: The private placement is subject to final approval from the Canadian Securities Exchange and other relevant regulatory bodies, ensuring compliance and mitigating investment risks.
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Analyst Views on PRME
Wall Street analysts forecast PRME stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PRME is 6.06 USD with a low forecast of 4.25 USD and a high forecast of 9.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
4 Buy
3 Hold
0 Sell
Moderate Buy
Current: 4.030
Low
4.25
Averages
6.06
High
9.00
Current: 4.030
Low
4.25
Averages
6.06
High
9.00
About PRME
Prime Medicine, Inc. is a biotechnology company engaged in creating and delivering gene editing therapies to patients. It deploys its proprietary Prime Editing platform, a versatile, precise and efficient gene editing technology, to develop a new class of differentiated one-time curative genetic therapies. It is advancing a set of high-value programs across its core areas of focus (hematology, immunology and oncology, liver, and lung). These include ex vivo hematopoietic stem cell (HSC) programs for the treatment of p47phox chronic granulomatous disease CGD and X-linked CGD; a lipid nanoparticle (LNP) Prime Editor for the treatment of Wilson’s Disease; a LNP or adeno-associated virus Prime Editors for the treatment of cystic fibrosis; and ex vivo T-cell therapies. PM359, its product candidate within its hematology, immunology and oncology area of focus, targets the p47phox variant of CGD. Its PM577 comprises a Prime Editor encapsulated as RNA cargo in a liver-targeted LNP.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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