AgeX Therapeutics closes on $5M strategic investment from Juvenescence

|By:, SA News Editor

AgeX Therapeutics, a subsidiary of BioTime (NYSEMKT:BTX) has closed a $5M equity financing, through the sale of 2M AgeX common shares to Juvenescence Ltd. Following the sale, BioTime owns ~80.6% of AgeX’s outstanding shares and Juvenescence and its principals owns ~7%.

Shares of BTX up 3% premarket.

Previously: BioTime files for distribution of AgeX shares (June 8)

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