Brief: Cerinnov Issues Bonds Redeemable In Shares For Up To Eur 2 Mln

Cerinnov SA

23/12/2020 07:50

Dec 23 (Reuters) - CERINNOV GROUP SA  ALPCV.PA :
    * ANNOUNCED ON TUESDAY IMPLEMENTATION OF EQUITY FINANCING OF
UP TO
EUR 2 MILLION IN THE FORM OF BONDS REDEEMABLE IN SHARES
    * FIRST DRAWDOWN OF EUR 0.2 MLN
    * ISSUANCE OF 800 WARRANTS GIVING THE RIGHT TO SUBSCRIBE FOR
800
BONDS REDEEMABLE IN NEW SHARES OF THE COMPANY IN AMOUNT OF EUR
2,500 EACH, ENTIRELY RESERVED FOR IRIS 
    * THIS FINANCING IS INTENDED TO STRENGTHEN COMPANY'S CASH
POSITION
TO PREPARE FOR REBOUND AS SOON AS IT RETURNS TO NORMALIZED
HEALTH SITUATION
    * IT WILL CONTRIBUTE TO FINANCING COMPANY'S WORKING CAPITAL
REQUIREMENTS IN ANTICIPATION OF THE RESUMPTION OF ORDERS

    
    
 Source text : https://bit.ly/37ILRkN
    
 Further company coverage:  ALPCV.PA  
   


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