Artificial heart maker Carmat completes 7 mln euro capital increase

Carmat SA

16/10/2023 06:08

PARIS, Oct 16 (Reuters) - Artificial heart maker Carmat
 ALCAR.PA , whose financial situation has been under pressure,
said on Monday that it had completed a 7 million euro ($7.4
million) capital increase with several of its historical
financial shareholders.
    Carmat estimated it will nevertheless have to secure around
50 million euros ($52.6 million) in extra financing to cover its
operations and investments until the end of October 2024.
    ($1 = 0.9503 euros)

 (Reporting by Sudip Kar-Gupta; Editing by Jacqueline Wong)
 ((sudip.kargupta@thomsonreuters.com;))