Nyxoah Completes $50M Offering And Subsequent Sale Of Additional Shares, Raising $52.5M
Portfolio Pulse from Benzinga Newsdesk
Nyxoah has completed a $50M offering and subsequent sale of additional shares, raising a total of $52.5M. The funds will be used for pre-commercialization and commercialization activities in the US, clinical research, R&D for the Genio system, and other corporate purposes.
May 31, 2024 | 7:15 am
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Nyxoah has raised $52.5M through a $50M offering and additional share sales. The funds will support US commercialization, clinical research, R&D for the Genio system, and other corporate purposes.
The successful raising of $52.5M will provide Nyxoah with the necessary capital to advance its commercialization efforts in the US, support clinical research, and continue R&D activities. This is likely to have a positive short-term impact on the stock price as it indicates strong financial health and growth potential.
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