Brief: Sensorion Announces EUR 15 Mln Financing, Extending Cash Runway Until End 2025

Sensorion SA

08/04/2024 07:00

April 8 (Reuters) - Sensorion SA  ALSEN.PA :
    * SENSORION ANNOUNCES A €15 MILLION FINANCING, EXTENDING
CASH
RUNWAY UNTIL THE END OF 2025
    * SUPPORT FROM EXISTING INVESTORS INCLUDING REDMILE GROUP,
INVUS,
SOFINNOVA PARTNERS AND A LARGE INVESTMENT MANAGEMENT FIRM
    * FINANCING WILL ENABLE COMPANY TO EXTEND ITS CASH RUNWAY
THROUGH
END OF 2025
    * ISSUANCE OF 24,574,694 NEW ORDINARY SHARES
    * PRICE PER NEW SHARE OF EUR 0.63
    * SETTLEMENT-DELIVERY OF RESERVED OFFERING IS EXPECTED TO
TAKE
PLACE AROUND APRIL 11, 2024
    * INTENDS TO USE NET PROCEEDS FROM RESERVED OFFERING, WHICH
AMOUNT
TO C. EUR 14.8 MILLION TO FUND COMPANY'S RESEARCH AND
DEVELOPMENT ACTIVITIES UNTIL END OF 2025

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Further company coverage:  ALSEN.PA 

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