Brief: Spineway Signs Financing Agreement With Alpha Blue Ocean For Reserved Issue Of OCEANE

Spineway SA

10/07/2018 08:30

July 10 (Reuters) - SPINEWAY SA  ALSPW.PA :
    * SIGNATURE OF FINANCING AGREEMENT WITH ALPHA BLUE OCEAN FOR
RESERVED ISSUE OF OCEANE WITH ATTACHED WARRANTS
    * TO ACCELERATE IMPLEMENTATION OF THIS ROADMAP, SPINEWAY
ANNOUNCES
THAT IT HAS SET UP FINANCING WITH ALPHA BLUE OCEAN, INC.
    * FINANCING, REPRESENTING A MAXIMUM OF EUR 14.50 MLN
    * PURPOSE OF ISSUANCE IS TO PROVIDE SPINEWAY WITH MEANS TO
CARRY
OUT ITS STRATEGIC PLAN AND FINANCE ITS 2018 OPERATING COSTS
    * OCEANE HAVE A PAR VALUE OF EUR 10,000 EACH AND ARE
SUBSCRIBED AT
95% OF PAR
    * OCEANE HAVE A MATURITY OF 12 YEARS FROM THEIR DATE OF
ISSUANCE
    * OCEANE SHALL BE ISSUED IN SEVERAL TRANCHES
    * ISSUES 200 TRANCHE WARRANTS THAT RESULTS IN ISSUE OF 200
BONDS
CONVERTIBLE INTO NEW OR EXISTING SHARES
    * NOMINAL AMOUNT OF THE TWO TRANCHES OF THE INITIAL
COMMITMENT
SHALL BE EQUAL TO EUR 1 MLN EACH
    * AGGREGATE NOMINAL AMOUNT OF EACH OF THE FOLLOWING TRANCHES
SHALL
BE EQUAL TO EUR 0.5 MLN

Source text for Eikon:  ID:nGNE7WfMx7 
Further company coverage:  ALSPW.PA 

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