Pixium Vision announces the drawdown of a further tranche, with a nominal value of €1.5 million, under the financing contract with ESGO
Pixium Vision announces the drawdown of a further tranche, with a nominal value of €1.5 million, under the financing contract with ESGO
Paris, 19 April 2021 – 8.00 p.m. CET – Pixium Vision (FR0011950641 - ALPIX), a bioelectronics company that develops innovative bionic vision systems to enable patients who have lost their sight to live more independently, announces that it has issued a new tranche of 150 bonds with a nominal amount of €1,500,000, pursuant to the request of European Select Growth Opportunities Fund (“ESGO”), a US-based healthcare investor, to exercise 150 of the remaining 300 bond warrants.
This drawdown is in accordance with the provisions of the agreement with ESGO to provide financing for a maximum nominal amount of €10,000,000 over a period of 30 months, which was first announced on 6 November 20191. In accordance with that agreement, on 18 February 20202, the Company issued 875 bond warrants permitting the issue of a maximum of 875 bonds, with a maximum nominal borrowing amount of €8,750,000 if all bond warrants are exercised. Four tranches with a nominal value of €1,250,000 were issued in November 2019, February 2020, May 2020 and January 2021, respectively, and two tranches of €1,000,000 were issued in March 2021. After drawing down the new tranche of €1,500,000, there are 150 outstanding bond warrants that permit issuing a maximum of 150 bonds with a maximum nominal borrowing amount of €1,500,000 if all bond warrants are exercised3.
Contacts Pixium Vision Lloyd Diamond Chief Executive Officer investors@pixium-vision.com +33 1 76 21 47 49 |
Media Relations LifeSci Advisors Sophie Baumont sophie@lifesciadvisors.com +33 6 27 74 74 49 |
Investor Relations LifeSci Advisors Guillaume van Renterghem gvanrenterghem@lifesciadvisors.com +33 6 69 99 37 83 |
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Pixium Vision is creating a world of bionic vision for those who have lost their sight, enabling them to regain visual perception and greater autonomy. Pixium Vision’s bionic vision systems are associated with a surgical intervention and a rehabilitation period. Prima System sub-retinal miniature photovoltaic wireless implant is in clinical testing for patients who have lost their sight due to outer retinal degeneration, initially for atrophic dry age-related macular degeneration (dry AMD). Pixium Vision collaborates closely with academic and research partners, including some of the most prestigious vision research institutions in the world, such as: Stanford University in California, Institut de la Vision in Paris, Moorfields Eye Hospital in London, Institute of Ocular Microsurgery (IMO) in Barcelona, University hospital in Bonn, and UPMC in Pittsburgh, PA. The company is EN ISO 13485 certified and qualifies as “Entreprise Innovante” by Bpifrance.