17/02/2026
Mainz Biomed N.V. (NASDAQ: MYNZ) announced that on February 13, 2026, it entered into a securities purchase agreement for a USD 6.0 million private placement with David Lazar. The financing will be completed in two tranches of USD 3.0 million through the issuance of Convertible Non-Redeemable Preferred Stock.
In connection with the transaction, David Lazar was appointed Chairman of the Board of Directors. As Chair, he emphasized the Company’s focus on advancing its pancreatic cancer screening program in the U.S. while pursuing strategic opportunities to create long-term value for stockholders.
As part of this strategic shift, Mainz Biomed will streamline operations, reduce costs, and extend its runway by evaluating the sale of its colorectal cancer screening assets and winding down its German subsidiary.
Link to the full press release: https://mainzbiomed.com/mainz-biomed-announces-6-0-usd-million-private-placement-and-strategic-update/
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