Brief: Sequana Medical Launches Equity Placement

Sequana Medical NV

22/01/2020 14:58

Jan 22 (Reuters) - SEQUANA MEDICAL NV  SEQUA.BR :
    * SEQUANA MEDICAL LAUNCHES EQUITY PLACEMENT
    * AMOUNT OF APPROX UP TO EUR 18 MILLION BY MEANS OF PRIVATE
PLACEMENT VIA ACCELERATED BOOKBUILD OFFERING WITH POSSIBILITY TO
INCREASE SIZE OF OFFERING
    * CURRENTLY ENVISAGES USING NET PROCEEDS TO CONTINUE TO
ADVANCE
ITS NORTH AMERICAN PIVOTAL STUDY (POSEIDON) OF ALFAPUMP®
    * NET PROCEEDS FROM OFFERING ARE EXPECTED TO EXTEND CURRENT
CASH
RUNWAY OF COMPANY FROM Q2 2020 INTO H1 2021
    * ACCELERATED BOOKBUILDING PROCEDURE WILL COMMENCE
IMMEDIATELY
    * TRADING IN SEQUANA MEDICAL SHARES ON EURONEXT BRUSSELS
WILL BE
SUSPENDED DURING BOOKBUILDING PERIOD
    * TRADING IN STOCK IS EXPECTED TO RESUME FOLLOWING
PUBLICATION OF
RESULTS OF OFFERING
    * KBC SECURITIES NV AND VAN LANSCHOT KEMPEN WEALTH
MANAGEMENT N.V.
ARE ACTING AS JOINT GLOBAL COORDINATORS AND JOINT BOOKRUNNERS OF
OFFERING

Source text for Eikon:  ID:nGNE9B7fY0 
Further company coverage:  SEQUA.BR 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))