RepliCel Closes Second Tranche of Strategic Investment Commitment

Rhea-AI Summary

RepliCel Life Sciences (OTC PINK: REPCF) has successfully concluded the second tranche of an investment agreement with MainPointe Pharmaceuticals, involving the purchase of 1,777,778 common shares for CAD $1.2 million. This is part of a larger commitment totaling CAD $2.7 million for four million shares at CAD $0.675 each. The investment will also cover regulatory costs for launching RepliCel's dermal injector products in the United States. The final tranche is set for August 2021, enhancing RepliCel's financial position and regulatory prospects.

Positive

• MainPointe Pharmaceuticals completed a second tranche investment of CAD $1.2 million.
• The investment commitment from MainPointe totals CAD $2.7 million, providing significant funding.
• MainPointe's investment includes contributions towards regulatory applications for RepliCel's products.

Negative

• None.

MainPointe Pharmaceuticals Completes Largest Scheduled Share Purchases per Investment Agreement

VANCOUVER, BC / ACCESSWIRE / April 29, 2021 / RepliCel Life Sciences Inc. (OTC PINK:REPCF) (TSXV:RP) (FRA:P6P2) ("RepliCel" or the "Company"), a company developing next-generation technologies in aesthetics and orthopedics, announced today it has closed the second tranche of the investment by MainPointe Pharmaceuticals ("MainPointe") as outlined in the share purchase agreement signed earlier this year by the parties.

This second tranche involved MainPointe's purchase of 1,777,778 common shares issued by RepliCel in exchange for CAD $1,200,000 which has now been received by the Company.

MainPointe's investment commitment, totaling CAD $2.7M, will be made over a series of tranches involving the purchase of four million common shares at CAD $0.675 per share. The first tranche, announced February 10^th, involved MainPointe's purchase of 729,024 common shares issued by RepliCel in exchange for the receipt of CAD $492,091. The final tranche is scheduled to be closed in August 2021.

In addition to MainPointe's purchase of shares at an agreed over-the-market price, MainPointe is also contributing its regulatory expertise and all costs related to the preparation of an application to the U.S. Food and Drug Administration authorizing the launch of RepliCel's dermal injector product line in the United States.

All common shares issued are subject to a statutory hold period expiring four months and one day from the date of the issuance of the common shares. None of the securities sold in connection with the Offering will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About MainPointe Pharmaceuticals

MainPointe Pharmaceuticals, founded by John Schutte, is one of a portfolio of companies managed by a multi-generational family of healthcare investors and entrepreneurs based in Louisville, Kentucky. Specializing in sales and innovative distribution of consumer health differentiated brands and valued supplements that often utilizes unique technologies to improve patient outcomes and enhance consumer wellness, MainPointe is a company lead by management with more than 50 years of industry experience, established relationships, and superior reputations. MainPointe's unique access to capital and nimble company structure makes it unique among similar-sized pharmaceutical companies. Since its launch in 2017, MainPointe has brought nine products to market in the United States and is aggressively pursuing new products to bring to market.

About RepliCel Life Sciences

RepliCel is a regenerative medicine company focused on developing cell therapies for aesthetic and orthopedic conditions affecting what the Company believes is approximately one in three people in industrialized nations, including aging/sun-damaged skin, pattern baldness, and chronic tendon degeneration. These conditions, often associated with aging, are caused by a deficit of healthy cells required for normal tissue healing and function.

Headquartered in Canada with a base of operations in Europe, RepliCel has existing partnerships in the United States, Japan, and China.

The Company's cell therapy product pipeline is comprised of RCT-01 for tendon repair, RCS-01 for skin rejuvenation, and RCH-01 for hair restoration. All RepliCel's cell therapy product candidates are based on RepliCel's innovative technology, utilizing cell populations isolated from a patient's healthy hair follicles. RepliCel's three cell therapy products have now been tested in over 100 patients in four countries on three continents and successfully reviewed by three different regulatory agencies.

RepliCel has also developed a proprietary injection device, RCI-02, optimized for the administration of its products and licensable for use with other dermatology applications. Certain commercial rights for RCI-02 have been licensed to YOFOTO for Greater China and a limited-term exclusive distributorship to MainPointe for the United States.

The commercial rights for RCH-01 for most of Asia have been exclusively licensed to Shiseido Company. Though the legal status of this license is currently the subject of some disagreement between the parties, Shiseido continues to finance the development of the licensed product based on RepliCel's technology in their territory. The commercial rights for RCT-01 and RCS-01 have been exclusively licensed to YOFOTO (China) Health for Greater China. YOFOTO is also committed to financing the co-development of these products in their territory.

For more information, please visit www.replicel.com or contact:
Lee Buckler, CEO, and President
604-248-8693
info@replicel.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: RepliCel Life Sciences, Inc.

View source version on accesswire.com:
https://www.accesswire.com/643184/RepliCel-Closes-Second-Tranche-of-Strategic-Investment-Commitment

FAQ

What was the amount of the second tranche investment by MainPointe in RepliCel (REPCF)?

MainPointe Pharmaceuticals invested CAD $1.2 million in the second tranche.

How many shares were purchased by MainPointe in the recent investment?

MainPointe purchased 1,777,778 common shares of RepliCel.

What is the total investment commitment from MainPointe to RepliCel (REPCF)?

The total investment commitment from MainPointe is CAD $2.7 million.

When is the final tranche of MainPointe's investment in RepliCel expected to close?

The final tranche is scheduled to close in August 2021.