Mithra exercises a put option under the capital commitment agreement with LDA Capital – 11/17/2022 at 17:45


Liège, Belgium, 17 November 2022 – 17:45 CET – Mithra (Euronext Brussels: MITRA), a company dedicated to women’s health, today announces that it has exercised a put option, as part of the commitment agreement capital agreement entered into with LDA Capital Limited on April 24, 2020. Under the terms of this agreement, extended in April 2022, LDA Capital commits cash funds of up to EUR 75 million for a period of up to five years (i.e. until April 2025), in exchange for the issuance of new Mithra shares. This is the fifth draw linked to this agreement. The first four drawings resulted in the issuance of 1,541,153 shares for a total amount of approximately EUR 21 million, leaving approximately EUR 54 million available to Mithra.



Source link -86