Brief: Neovacs Launches A Public Offering Of Bonds Redeemable In Shares With Stock Warrants

Neovacs SA

06/06/2023 07:06

June 6 (Reuters) - Neovacs SA  ALNEV.PA :
    * LAUNCH OF A PUBLIC OFFERING OF BONDS REDEEMABLE IN SHARES
WITH
STOCK WARRANTS
    * ESTABLISHMENT OF A MANAGEMENT TRUST AS PART OF AN
EQUITIZATION
MECHANISM
    * IT IS PLANNED TO ISSUE 20,000 NRS WITH A NOMINAL VALUE OF
€100
EACH AND A MATURITY OF TWO (2) YEARS
    * ISSUE PRICE PER SHARE OF €0.97
    * ISSUE OF BONDS REDEEMABLE IN SHARES ACCOMPANIED BY SHARE
SUBSCRIPTION WARRANTS FOR A GROSS AMOUNT OF €2 MILLION
    * SHAREHOLDERS MAY SUFFER A LOSS OF THEIR INVESTED CAPITAL
DUE TO
A SIGNIFICANT DECREASE IN THE VALUE OF THE COMPANY'S SHARE, AS
WELL AS HIGH DILUTION
    * THE FUNDS RAISED ARE INTENDED TO CONTINUE NEOVACS'
INVESTMENT
PLAN, PARTICULARLY IN PHARNEXT
    * INVESTORS ARE INVITED TO BE VERY VIGILANT BEFORE MAKING
THE
DECISION TO INVEST IN THE COMPANY'S SECURITIES GIVEN THE
IMPLEMENTATION OF THESE EQUITIZATION AND MONETIZATION MECHANISMS

Source text for Eikon:  ID:nNDL5YpNYL 
Further company coverage:  ALNEV.PA 

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