Brief: Pharnext Successfully Raises 16 Million Euros Via Private Placement

Pharnext SCA

11/04/2018 16:58

April 11 (Reuters) - PHARNEXT SA  PHARN.PA :
    * PHARNEXT SUCCESSFULLY RAISES €16 MILLION VIA PRIVATE
PLACEMENT
    * PRIVATE PLACEMENT INCLUDES 725,513 SHARES WITH WARRANTS
ATTACHED
("ABSA") SUBSCRIBED BY CB LUX
    * SHARES WITH WARRANTS ATTACHED SUBSCRIBED BY CB LUX,
GENERATING
GROSS INCOME OF EUR 6.058 MILLION
    * PRIVATE PLACEMENT INCLUDES CONVERTIBLE BONDS FOR GROSS
QUASI-EQUITY OF EUR 10.0 MILLION SUBSCRIBED BY TASLY
    * PRICE OF EACH ABSA EUR 8.35 INCLUDING PREMIUM, EACH
COMPRISING
AN ORDINARY SHARE AND AN ORDINARY WARRANT
    * EACH BSA ENTITLES TO SUBSCRIBE FOR 0.20 ORDINARY PHARNEXT
SHARES
    * BSA WARRANTS MAY BE EXERCISED WITHIN 5 YEARS FROM ISSUANCE

Source text for Eikon:  ID:nNDL5vK4N6 
Further company coverage:  PHARN.PA 

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