Nyxoah Announces Closing of Underwritten Public Offering
Nyxoah closed its underwritten public offering, raising gross proceeds of approximately $95 million through the sale of 55.2 million ordinary shares at $1.72 per share. The company plans to use the net proceeds to expand U.S. commercialization activities for its Genio system and fund further R&D, including product upgrades and cost reduction initiatives. BofA Securities acted as lead bookrunner, with Bank Degroof Petercam as additional bookrunner and B.
Key figures
- Deal Value Usd
- $95.0 million
- Offering Price
- 1.72
- Shares Offered
- 55232558
- Gross proceeds eur
- EUR 81.9 million
- Offering price eur
- EUR 1.48
- Planned eib loan drawdown
- EUR 13.8 million
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.