Brief: Neovacs Raises 4 Million Euros From 4 Tranches Of Convertible Bonds

Neovacs SA

21/06/2021 17:09

June 21 (Reuters) - Neovacs SA  ALNEV.PA :
    * RAISES EUR 4 MILLION FROM 4 TRANCHES OF CONVERTIBLE BONDS
WITH
WARRANTS ATTACHED
    * THE NET PROCEEDS OF THIS TRANSACTION (EUR 3,880,000) WILL
BE
USED, FOR 50%, TO FINANCE THE KINOID® RESEARCH PROGRAMME ON
ALLERGIES
    * AND 50% OF NET PROCEEDS TO STRENGTHEN THE CAPACITY TO
INVEST IN
PROMISING PROJECTS
    * AFTER THIS DRAWDOWN, NEOVACS' AVAILABLE CASH AMOUNTED TO
EUR
35.4M AND THE COMPANY DID NOT TAKE A STAKE

Source text for Eikon:  ID:nACT69763 
Further company coverage:  ALNEV.PA 

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