Brief: Theranexus End-June Cash Position At 13.3 Million Euros

Thx Pharma SA

09/07/2020 08:02

July 9 (Reuters) - THERANEXUS SA  ALTHX.PA :
    * THERANEXUS ANNOUNCES ITS CASH POSITION AS OF 30 JUNE 2020
AND
IMPLEMENTATION OF A MANDATORY CONVERTIBLE BOND FACILITY
    * PRO FORMA CASH OF EUR 13.3 M AT 30 JUNE 2020
    * BALANCE AS AT 30 JUNE ALSO REFLECTS LIMITED OPERATIONAL
CASH
OUTFLOW IN Q2 GIVEN THAT COMPANY NO LONGER HAD ANY CLINICAL
TRIALS UNDERWAY
    * COVID-19 CRISIS AND LOCKDOWN RESULTED IN A REDUCTION IN
CERTAIN
EXPENDITURE ITEMS, NOTABLY ON RESEARCH AND DEVELOPMENT PLATFORM
IN Q2 2020
    * IMPLEMENTATION OF FINANCING FOR A MAXIMUM TOTAL OF EUR 4.2
MILLION OVER 12 MONTHS THROUGH ISSUANCE OF WARRANTS TO SUBSCRIBE
MANDATORY CONVERTIBLE BONDS REDEEMABLE IN NEW SHARES

Source text for Eikon:  ID:nACT64234 
Further company coverage:  ALTHX.PA 

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