Brief: Pharnext Announces EUR 11 Million Financing

Pharnext SCA

05/02/2021 08:36

Feb 5(Reuters) - PHARNEXT SA  PHARN.PA :
    
    * ANNOUNCED ON THURSDAY FINANCING OF €11 MILLION THROUGH A
CAPITAL
RAISE SUBSCRIBED BY EXISTING SHAREHOLDERS AND A CONVERTIBLE
BONDS ISSUED TO EUROPEAN INVESTORS
    * EUROPEAN INVESTORS ALSO PROVIDE INDICATION OF INTEREST FOR
AN
ADDITIONAL AMOUNT OF UP TO €25 MILLION IN CONVERTIBLE BONDS
    * €6 MILLION CAPITAL RAISE PRICED AT MARKET WITH WARRANTS
SUBSCRIBED BY TWO EXISTING SHAREHOLDERS
    * €5 MILLION CONVERTIBLE BONDS ISSUED TO EUROPEAN INVESTORS
    * EUROPEAN INVESTORS HAVE ALSO PROVIDED WRITTEN INDICATION
OF
STRONG INTEREST FOR THE POTENTIAL OF ADDITIONAL €25 MILLION IN
SIMILAR CONVERTIBLE BONDS, DEPENDING ON FUTURE MARKET CONDITIONS
    * THIS CAPITAL RAISE DID NOT AND WILL NOT REQUIRE THE
PUBLICATION
OF A PROSPECTUS SUBJECT TO THE APPROVAL OF THE AUTORITÉ DES
MARCHÉS FINANCIERS
    * THE PROCEEDS FROM THE FINANCING WILL FUND OPERATIONS
THROUGH
SEVERAL KEY MILESTONES EXPECTED WITHIN THE FIRST HALF OF 2021

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nNDL3F53mb
    
 Further company coverage:  PHARN.PA  
   


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