Brief: GeNeuro Launches EUR 6.5 Mln Private Placement

Geneuro SA

12/07/2021 17:31

July 12 (Reuters) - Geneuro SA  GNRO.PA :
    * GENEURO ANNOUNCES LAUNCH OF PRIVATE PLACEMENT
    * SHARE CAPITAL INCREASE WITHOUT PREFERENTIAL SUBSCRIPTION
RIGHTS
TARGETING EUR 6.5 MILLION OR MORE
    * COMPANY INTENDS TO USE NET PROCEEDS OF OFFERING PRIMARILY
TO
FUND ITS OPERATIONS AND EXTEND ITS FINANCIAL VISIBILITY UNTIL
END OF 2022
    * LEAD INVESTOR, GNEH, WHICH OWNS 36.5% OF GENEURO PRIOR TO
OFFERING, WILL PARTICIPATE TO OFFERING FOR MINIMUM OF EUR 3
MILLION
    * GNEH HAS INDICATED IT WISHES TO MAINTAIN ITS STAKE AT
36.46% IN
EVENT OF A HIGHER OFFERING

Source text for Eikon:  ID:nBw2KZ0Qla 
Further company coverage:  GNRO.PA 

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