Babylon announces private placement financing

Austin, texas & london--(business wire)--babylon (nyse: bbln) (“babylon'' or the “company”) today announced that it has agreed to sell an aggregate of 145,885,760 (prior to rounding of fractional shares) of its class a ordinary shares to certain institutional and other accredited investors (the “initial subscribers”) in a private investment in public equity (the “pipe”) at a price of $0.42122 per share (the “initial subscriptions”).
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