Brief: Nicox Raises 10 Million Euros In Private Placement

Nicox SA

22/11/2022 06:36

Nov 22 (Reuters) - Nicox SA  NCOX.PA :
    * RAISES €10 MILLION IN PRIVATE PLACEMEN
    * FINANCING THROUGH A PRIVATE PLACEMENT VIA ISSUANCE OF
6,849,316
NEW ORDINARY SHARES
    * WARRANTS TO BE ISSUED IN PRIVATE PLACEMENT COULD PROVIDE
AN
ADDITIONAL EUR 11.6 MILLION PROCEEDS IF THEY WERE TO BE FULLY
EXERCISED
    * NICOX GROUP HAD CASH AND CASH EQUIVALENTS OF EUR 25.6
MILLION
(EXCLUDING PROCEEDS OF THIS FINANCING) AS OF SEPTEMBER 30, 2022
    * NET PROCEEDS FROM PRIVATE PLACEMENT TO EXTEND CASH RUNWAY
TO
MID-MAY 2024
    * END-SEPT OUTSTANDING DEBT OF EUR 21.4 MILLION
    * PROCEEDS OF PRIVATE PLACEMENT WILL BE EXCLUSIVELY
ALLOCATED TO
DEVELOPMENT OF NCX 470
    * SETTLEMENT OF NEW SHARES IS EXPECTED TO OCCUR ON OR ABOUT
NOVEMBER 25, 2022

Source text for Eikon:  ID:nGNE7ff4sh 
Further company coverage:  NCOX.PA 
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