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Sunesis, Aspire Capital Enter $15.5M Share Purchase Agreement

Aspire made an initial investment in Sunesis of $500,000 shares and has committed to purchasing up to an additional $15M

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By: Kristin Brooks

Managing Editor, Contract Pharma

Sunesis Pharmaceuticals, Inc. has entered into a Common Shares Purchase Agreement of as much as $15.5 million with Aspire Capital Fund, LLC. Sunesis will use the proceeds for general corporate purposes, including working capital. Aspire Capital has made an initial investment in Sunesis via a purchase of $500,000 worth of common shares and has committed to purchasing up to an additional $15 million. Under the terms of the agreement, Sunesis will control the timing and amount of the further sal...

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