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Medicinova Terminates $30 Million Equity Purchase Agreement with Yorkville

PUBLIC · MNOVAug 31, 2026•4 days ago

Amount Raised

$30 Million

Round Type

Venture - Series Unknown

San DiegoBiotechnologyHealth CareTherapeuticsBiopharma

Investors

YorkvilleYa Ii Pn, Ltd.

Description

On August 31, 2026, Medicinova, Inc. notified Yorkville of its decision to terminate the Standby Equity Purchase Agreement. The termination will take effect on September 8, 2026. Previously, the agreement allowed Medicinova to issue and sell shares worth up to $30 million

Company Information

Company

MediciNova

Location

San Diego, California, United States

About

MediciNova, Inc. is a biopharmaceutical company focused on the development of novel anti-inflammatory treatments for neurodegenerative diseases, malignant brain cancers, and metabolic diseases.

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