Brief: Inventiva Draws Down EUR 25 Mln Under EIB Finance Contract

Inventiva SA

12/12/2022 08:15

Dec 12 (Reuters) - INVENTIVA SA  IVAA.PA :
    * INVENTIVA DRAWS DOWN €25 MILLION TRANCHE UNDER FINANCE
CONTRACT
WITH THE EUROPEAN INVESTMENT BANK
    * EUR 25 MILLION SUPPORTS INVENTIVA'S ANTICIPATED CASH
RUNWAY
THROUGH Q4 OF 2023
    * RECEIPT OF EUR 25 MILLION PAYMENT UNDER FIRST TRANCHE OF
UNSECURED LOAN AGREEMENT EXECUTED WITH EUROPEAN INVESTMENT BANK
ON MAY 16, 2022 WITH A MATURITY DATE OF DECEMBER 2026
    * THERE IS NO ASSURANCE THAT COMPANY WILL BE ABLE TO SATISFY
CONDITIONS PRECEDENT FOR DRAWING OF SECOND TRANCHE
    * ON BASIS OF 2,266,023 NEW SHARES OF COMPANY ISSUABLE UPON
EXERCISE OF ALL WARRANTS AT A PRICE OF EUR 4.0152 PER NEW SHARE,
COMPANY COULD POTENTIALLY RECEIVE GROSS PROCEEDS OF UP TO EUR
9,098,535
    * THERE IS NO ASSURANCE THAT EIB WILL EXERCISE ANY OR ALL OF
WARRANTS OR THAT COMPANY WILL RECEIVE ANY PROCEEDS FROM EXERCISE
OF WARRANTS

Source text for Eikon:  ID:nGNX5w8CND 
Further company coverage:  IVAA.PA 
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