Brief: Pixium Vision To Issue 1.25 Million New Tranche From ESGO Financing Agreement

Pixium Vision SA

19/02/2020 06:21

Feb 19 (Reuters) - Pixium Vision SA  ALPIX.PA :
    * REG-PIXIUM VISION ANNOUNCES ISSUE OF € 1.25 MILLION NEW
TRANCHE
FROM ESGO FINANCING AGREEMENT TO CONTINUE TO ACCELERATE ITS
CLINICAL PROGRAMS
    * HAS ISSUED 875 WARRANTS GIVING ACCESS TO CONVERTIBLE NOTES
AS
AGREED WITH US-BASED, HEALTHCARE SPECIALIZED INVESTOR, EUROPEAN
SELECT GROWTH OPPORTUNITIES FUND (ESGO)
    * ALSO ISSUED A TRANCHE OF EUR 1.25 MILLION NOMINAL VALUE
CORRESPONDING TO 125 BONDS FOLLOWING ITS REQUEST TO ESGO TO
EXERCISE 125 TRANCHE WARRANTS OUT OF 875 ISSUED.
    * FINANCING CONTRACT WITH ESGO SPECIFIES A MAXIMUM NOMINAL
AMOUNT
OF EUR 10 MILLION, WITHOUT INTEREST OVER A PERIOD OF NO MORE
THAN 30 MONTHS ANNOUNCED ON NOVEMBER 6, 2019
    * FIRST TRANCHE HAS ALREADY BEEN EXECUTED
    * THESE 875 TRANCHE WARRANTS ANNOUNCED TODAY MAY LEAD TO A
MAXIMUM
NUMBER OF 875 BONDS FOR UP TO EUR 8,750,000 NOMINAL VALUE
    * IN COMING WEEKS WE EXPECT TO ANNOUNCE CLINICAL RESULTS
WITH
SECOND-GENERATION PRIMA GLASSES AHEAD OF TRIALSTART EXPECTED BY
YEAR-END 2020

Source text for Eikon:  ID:nGNE4J4qdn 
Further company coverage:  ALPIX.PA 

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