Brief: Spineguard Secures 2.4 Million Euros Equity Line With Nice & Green

Spineguard SA

26/06/2020 17:18

June 26 (Reuters) - SPINEGUARD SA  ALSGD.PA :
    * SPINEGUARD SECURES €2.4M EQUITY LINE WITH NICE & GREEN
    * PROVIDES OVER 12 MONTHS RUN WAY
    * SECURED AND FLEXIBLE FINANCING WITH NO ASSOCIATED WARRANTS
    * AN ASSET IN THE CONTEXT OF THE CHAPTER 11 & FRENCH
‘SAUVEGARDE’
PLANS
    * SECURED €2.4M FINANCING IN THE FORM OF AN EQUITY LINE MADE
OF
120 CONVERTIBLE WARRANTS (BSAR) OVER A PERIOD OF 12 MONTHS
    * NOMINAL VALUE OF THE BSAR: € 20,000 EACH AT 100% OF THE
PAR
VALUE.
    * COVID-19 STRONGLY IMPACTED OUR REVENUE BEGINNING IN
MID-MARCH -
CEO
    * ELECTIVE SURGERIES ARE NOW PROGRESSIVELY RESUMING AND WE
ARE
ABOUT TO LAUNCH OUR NEW DSG-CONNECT INTERFACE -CEO

Source text for Eikon:  ID:nBw6P0rvTa 
Further company coverage:  ALSGD.PA 

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