Brief: Abivax Secures Up To EUR 150 Mln From Two Structured Debt Financing Transactions

Abivax SA

21/08/2023 07:08

Aug 21 (Reuters) - Abivax SA  ABVX.PA :
    * EQS-NEWS: ABIVAX SECURES UP TO EUR 150M FROM TWO
STRUCTURED DEBT
FINANCING TRANSACTIONS
    * EUR 27M OF ADDITIONAL CASH RESOURCES FOR ABIVAX AT
DRAWDOWN OF
FIRST TRANCHES
    * UP TO EUR 75M FROM KREOS CAPITAL AND CLARET EUROPEAN
GROWTH
CAPITAL
    * UP TO EUR 75M FROM HEIGHTS CAPITAL MANAGEMENT
    * WE EXPECT OUR CASH RUNWAY TO EXTEND UNTIL END OF Q2 2024 -
CFO
    * MAXIMUM PROCEEDS FROM TRANSACTION EXPECTED TO BE EUR
117,237,148
IN TOTAL
    * CEO:  ADDITIONAL CAPITAL PROVIDES US WITH INCREASED
FLEXIBILITY
FOR OUR FUTURE FUNDING STRATEGY

Source text for Eikon:  ID:nEQ9hrNbVa 
Further company coverage:  ABVX.PA 

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