Brief: Nicox Raises EUR 15 Million In Private Placement

Nicox SA

04/12/2020 06:33

Dec 4 (Reuters) - Nicox SA  NCOX.PA :
    * NICOX RAISES €15 MILLION IN PRIVATE PLACEMENT
    * NICOX GROUP HAD CASH, CASH EQUIVALENTS AND FINANCIAL
INSTRUMENTS
OF EUR 39.0 MILLION (EXCLUDING PROCEEDS OF THIS FINANCING) ON
NOVEMBER 30
    * TWO CLINICAL READOUTS IN Q4 2021 - MONT BLANC PHASE 3 FOR
NCX
470 AND MISSISSIPPI PHASE 2B FOR NCX 4251
    * TOTAL FINANCIAL DEBT OF EUR 18.7 MILLION IN FORM OF A BOND
FINANCING AGREEMENT WITH KREOS CAPITAL SIGNED IN JANUARY 2019
AND A EUR 2 MILLION CREDIT AGREEMENT WITH SOCIETE GENERALE AND
LCL
    * LONG-TERM SHAREHOLDER HBM HEALTHCARE INVESTMENTS
PARTICIPATED IN
FINANCING ALONGSIDE SPECIALIST INSTITUTIONAL INVESTORS IN U.S.
AND EUROPE
    * PROCEEDS FROM THIS FINANCING ARE NOT PLANNED TO BE USED TO
MAKE
PAYMENTS ON ANY OF COMPANY'S DEBTS, WHICH ARE EXPECTED TO BE
COVERED BY LICENSING REVENUE

Source text for Eikon:  ID:nGNE8fCHKn 
Further company coverage:  NCOX.PA 

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