Suresnes, France, April 2, 2024 at 6:30 p.m. (CET) – Pharnext SCA (FR001400N1P4– ALPHA)
(the “Company”), a biopharmaceutical company at an advanced clinical stage developing new therapies for neurodegenerative diseases without satisfactory therapeutic solutions, presents the number of shares and voting rights making up the share capital, in accordance with the provisions of article L.233-8 II of the Commercial Code and article 223-16 of the General Regulations of the Financial Markets Authority.
Date |
Number of shares making up the capital |
Number of GROSS voting rights |
Number of NET voting rights |
03/31/2024 | 606 258 | 606 258 | 606 258 |
Furthermore, the company recalls that, since 1
er
January 2024, the number of shares issued each month by the company breaks down as follows:
Wording |
OCEANE CONVERSION |
BSA EXERCISE | ||
Number of OCEANEs converted | Number of actions created | Number of BSAs | Number of actions created | |
Before regrouping | ||||
January 2024 | 0 | 0 | 88,831,305 | 88,831,305 |
February 2024 | 12 | 857 142 857 | 5,903,064 | 5,903,064 |
After grouping | ||||
February 2024 | 6 | 104,766 | 23,967 | 23,967 |
March 2024 | 5 | 162 280 | 41,090 | 41,090 |
The number of newly issued shares in respect of conversions as well as the total number of shares in circulation are kept on the Company’s website: HERE
Warning :
The company Pharnext has set up (i) financing in the form of OCEANE-BSA with the company Global Tech Opportunities 13, which, after having received the shares resulting from the conversion or exercise of these instruments, has not not intended to remain a shareholder of the company, and (ii) financing in OS which were then transferred to a trust, which is now responsible for their equitization.
The shares resulting from the conversion or exercise of the above-mentioned securities are generally sold in the market at very short notice, which can create strong downward pressure on the share price. In the specific case of the trust, the shares are sold on the market according to the terms set out in the trust agreement.
Shareholders may suffer a loss of their invested capital due to a significant decrease in the value of the company’s stock, as well as significant dilution due to the number of securities issued to the company Global Tech Opportunities 13 and/or trust.
Investors are advised to be very vigilant before making the decision to invest (or remain invested) in the securities of the company admitted to trading which carries out such dilutive financing transactions, particularly when they are carried out successively. The company recalls that this dilutive financing operation is not the first that it has implemented.
About Pharnext
Pharnext is a late-stage clinical-stage biopharmaceutical company developing novel therapies for neurodegenerative diseases currently without satisfactory therapeutic solutions. Pharnext has a new drug candidate, PXT3003, in development for Charcot-Marie-Tooth disease type 1A (CMT1A), a rare and debilitating hereditary peripheral neuropathy. PXT3003 benefits from orphan drug status in Europe and the United States. More information on www.pharnext.com.
Pharnext is listed on the Euronext Growth market in Paris (ISIN code: FR001400N1P4).
Contacts
Financial Press Relations NEWS finance & communication Anne-Charlotte Dudicourt [email protected] +33 (0)1 53 67 36 32 |
Investor Relations NEWS finance & communication Jérôme Fabreguettes Leib [email protected] +33 (0)1 53 67 36 78 |
[1]
Consolidation by exchange of 10,000 old shares for 1 new share
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Regulated information:
Total number of voting rights and capital:
– Information relating to the total number of voting rights and shares making up the capital
Full and original press release in PDF format:
https://www.actusnews.com/news/84880-2024.04.02_pharnext_nombre-d_actions_ddv_fr.pdf
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