Brief: Neovacs: Fundraising Of EUR 2 Million

Neovacs SA

10/03/2021 07:13

March 10 (Reuters) - Neovacs SA  ALNEV.PA :
    * FUNDRAISING OF 2 MEUR
    * FUNDRAISING BY DRAWING OF 2 TRANCHES OF OCEANE-BSA BONDS,
WITH A
NOMINAL VALUE OF EUR 1 MILLION SUBSCRIBED BY EUROPEAN HIGH
GROWTH OPPORTUNITIES SECURITIZATION FUND
    * AFTER THIS DRAWDOWN, NEOVACS' AVAILABLE CASH AMOUNTS TO
EUR 21.5
MILLION AND COMPANY HAS NOT TAKEN ANY EQUITY INTEREST
    * PROCEEDS 50% TO FUND THE KINOIDE RESEARCH PROGRAMME ON
ALLERGIES, 50% TO BUILD CAPACITY FOR INVESTMENT IN PROMISING
PROJECTS
    * DRAWDOWN OF 2 TRANCHES OF CONVERTIBLE BONDS WITH WARRANTS
(OCEANE-BSA) CAN LEAD TO ISSUE OF 50,000,000 WARRANTS (BSA) AND
CREATION OF 150,000,000 NEW SHARES BASED ON THE LAST LISTED
PRICE

Source text for Eikon:  ID:nACT68175 
Further company coverage:  ALNEV.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))