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BriaCell Therapeutics Corp. is conducting a best-efforts public offering of 10,775,000 Common Units at $1.25 each and up to 1,225,000 Pre-Funded Units at $1.249. Each Unit delivers one post-consolidation common share plus a five-year warrant exercisable at $1.50. The securities, as well as the 12.0 million warrants and 1.225 million pre-funded warrants issuable, will not be listed. ThinkEquity is placement agent and will receive a 7.5% cash fee ($0.09375/unit).

Assuming full subscription, gross proceeds equal $15.0 million; net proceeds are estimated at $13.4 million. Pro-forma cash would rise to roughly $25.9 million, while shareholders鈥� equity increases to $25.4 million (as of 30 Apr 2025). Funds are earmarked for working capital and advancement of BriaCell鈥檚 oncology pipeline, including the Fast-Track Phase 3 Bria-IMT study in metastatic breast cancer.

The transaction is highly dilutive: shares outstanding jump from 6.8 million to 18.8 million on conversion of the pre-funded warrants, before any warrant exercises. No minimum raise or escrow is required, so partial closings could leave the firm with less cash and investors without refund rights. Risk factors also cite recurring losses (YTD net loss $18.4 million), Nasdaq listing compliance history, and the absence of a trading market for the offered warrants.

Barclays Bank PLC is marketing a new two-year structured note鈥擟apped Buffer GEARS鈥攖ied to the price performance of the S&P 500庐 Index. Each $10 Security offers 2.0脳 leveraged participation in any positive index return, but gains are capped at 21.65-23.65% (exact rate set on the July 15, 2025 Trade Date). Investors receive:

• Full principal repayment at maturity if the Index is flat or down less than 10% (Buffer).
• Loss exposure of 1% for every 1% decline beyond the 10% Buffer, up to a maximum 90% loss of principal.

Key indicative terms include a Downside Threshold at 90% of the Initial Index Level, Upside Gearing of 2.0, no periodic coupons, and maturity on July 20, 2027. The notes price at par ($10), yet Barclays鈥� internal models estimate fair value between $9.459-$9.959, reflecting embedded selling concessions, hedging costs and issuer profit. UBS Financial Services acts as placement agent for fee-based advisory accounts; no sales commission is paid.

Risk considerations dominate the disclosure: the notes are unsecured, unsubordinated obligations of Barclays and subject to U.K. bail-in powers, market risk of the S&P 500, limited liquidity (no exchange listing and discretionary secondary market making only), tax uncertainty (potential prepaid forward contract treatment), and valuation risk (secondary prices likely below issue price).

Illustrative payoff scenarios show that a 30% Index gain yields the maximum $12.165 payment, while a 60% decline results in only $5.00鈥攄emonstrating the capped upside and buffered but significant downside.

Caledonia Mining Corporation Plc (ticker CMCL) filed a routine Form 6-K dated 23 June 2025. The submission contains no operational or financial disclosures; it primarily serves as a cover document for Exhibit 99.1, a press release issued the same day. The filing confirms that CMCL continues to file its annual reports on Form 20-F, not Form 40-F. The document was duly signed by CEO and Director John Mark Learmonth and lists the company鈥檚 principal executive office in Jersey. Investors must refer to the referenced press release for any substantive information, as the 6-K itself delivers no material updates.