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Debt Financing / Related

Pharnext And Global Tech Opportunities 13 Agree To Stop Convertible Bond Program From End Of May 2022

Published: 12/22/2021 18:43 GMT
(GTII) - Pharnext and Global Tech Opportunities 13 Agree to Stop Convertible Bond Program From End of May 2022.
To Amend Terms of Existing Financing Program Announced in June 2021 in Order to (among Other Adjustments) Reduce Number of Oceane-bsa Tranches to 5 Oceane-bsa Tranches Over 5-month Period From January to May 2022 (reducing Total Number of Oceane-bsa Tranches From 35 to 12).
Reducing Total Number of Oceane-bsa Tranches From 35 to 12.
These 5 Oceane-bsa Tranches to Be Drawn From January to May 2022 Will Represent a Gross Total Par Value of EUR 15 Million, Subject to Customary Conditions.
Last Oceane-bsa Tranche is Expected to Be Issued in May 2022.
Certain Terms of Amendement Are Subject to Approval of a Specific Authorization at an Extraordinary General Meeting of Shareholders to Be Held at Latest by February 11, 2022.
Pharnext Will Grant a Low Single-digit Royalty on Net Sales of Pxt3003 Product During Lifetime of Related Patent.