Néovacs raises 0.2 million euros through Oceane-BSA issuance

(AOF) – Néovacs announces a fundraising of 0.2 million euros through the issue of Océane-BSA, with a nominal value of 200,000 euros, subscribed by European High Growth Opportunities Securitization Fund. according to the biotech, the net proceeds from this operation, i.e. 192,000 euros, will be intended to finance the Kinoid research program on allergies and to strengthen its investment capacities both in the development of drug candidates and medical devices. The issue of Oceane-BSA gives rise to the issue of 529,100 BSAs.

These BSAs will be transferred back to the company Néovacs with a view to their cancellation, and the issue could give rise to the creation of 1,291,990 new shares based on the last listed price. The participation of a shareholder holding 1% of the capital prior to this new drawing would be 0.71%.

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