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Sensorion Announces a €15 Million Financing, Extending Cash Runway Until the End of 2025 [Yahoo! Finance]

SONOVA HLDNG AG UNSP/ADR (SONVY) 
NASDAQ:AMEX Investor Relations: sonova.com/en/investors
Company Research Source: Yahoo! Finance
Financing will enable the Company to extend its cash runway through the end of 2025 MONTPELLIER, France, April 08, 2024 BUSINESS WIRE )--Regulatory News: Sensorion (FR0012596468 – ALSEN) a pioneering clinical-stage biotechnology company which specializes in the development of novel therapies to restore, treat and prevent hearing loss disorders, today announced a €15 million offering reserved to specific categories of investors (the " Reserved Offering ") through the issuance of 24,574,694 new ordinary shares of the Company (the " New Shares ") at a price per New Share of €0.63 (the " Subscription Price ") to the benefit of existing shareholders including Redmile Group, Invus, Sofinnova Partners and a large investment management firm. The settlement-delivery of the Reserved Offering is expected to take place around April 11, 2024, subject to customary conditions. Nawal Ouzren, Sensorion's Chief Executive Officer, said : "We are thrilled to announce another successful capital rai Show less Read more
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