Brief: Neovacs Announces Fundraising Of EUR 4 Million Through The Issue Of 4 Tranches Of Of OCEANE-Bsa

Neovacs SA

14/05/2021 17:11

May 14 (Reuters) - Neovacs SA  ALNEV.PA :
    * ANNOUNCES FUNDRAISING OF EUR 4 MILLION THROUGH THE ISSUE
OF 4
TRANCHES OF OF OCEANE-BSA
    * ISSUE SUBSCRIBED BY EUROPEAN HIGH GROWTH OPPORTUNITIES
SECURITIZATION FUND
    * NET PROCEEDS OF TRANSACTION EUR 3,880,000
    * PROCEEDS WILL BE USED 50%, TO FINANCE THE KINOID ALLERGY
RESEARCH, 50% TO STRENGTHEN TCAPACITY TO INVEST IN PROMISING
PROJECTS
    * AFTER DRAWDOWN, CASH POSITION AT EUR 25.9 MILLION

Source text for Eikon:  ID:nACT69257 
Further company coverage:  ALNEV.PA 

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