Brief: Sensorion Raises About EUR 31 Million In Oversubscribed Private Placement

Sensorion SA

18/09/2020 07:07

Sept 18 (Reuters) - Sensorion SA  ALSEN.PA :
    * SENSORION SUCCESSFULLY RAISES APPROXIMATELY EUR 31 MILLION ($36.74
million)IN AN
OVERSUBSCRIBED PRIVATE PLACEMENT TO US AND EUROPEAN INVESTORS
    * RESERVED OFFERING IS EXPECTED TO CLOSE ON OR ABOUT SEPTEMBER 22, 2020
    * ISSUE PRICE OF NEW SHARES IS EUR 1.70 PER SHARE
    * INTENDS TO USE NET PROCEEDS FROM RESERVED OFFERING TO DEVELOP ITS CURRENT
GENE
THERAPY PROGRAMS, POTENTIALLY BROADEN ITS GENE THERAPY PIPELINE AMONG OTHERS
    * HAS PLACED 18,236,000 NEW ORDINARY SHARES WITH A NOMINAL VALUE OF EUR 0.10
EACH
( "NEW SHARES"), FOR TOTAL GROSS PROCEEDS OF APPROXIMATELY EUR 31 MILLION BY
MEANS OF AN ACCELERATED BOOKBUILD

Source text for Eikon:  ID:nNDLB3P45 
Further company coverage:  ALSEN.PA 

($1 = 0.8437 euros)

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