InvestmentJun 5, 2026, 11:26 AM
Nyxoah Prices $95M Public Offering at $1.72 Per Share
AI Summary
Nyxoah SA announced the pricing of an underwritten public offering of 55,232,558 ordinary shares at $1.72 per share, expecting to raise approximately $95 million in gross proceeds. The company has also granted underwriters an option to purchase additional shares. Nyxoah intends to use the net proceeds to expand commercialization activities in the United States, finance research and development for Genio system upgrades, advance commercialization in international markets, and for general corporate purposes, including potential debt repayment and acquisitions. The offering is expected to close around June 9, 2026.
Key Highlights
- Nyxoah priced an underwritten public offering of 55,232,558 ordinary shares at $1.72 per share.
- The offering is expected to generate gross proceeds of approximately $95 million.
- Underwriters have a 30-day option to purchase up to an additional 8,284,883 ordinary shares.
- Net proceeds will fund US commercialization, R&D for Genio system upgrades, and international market expansion.
- Funds will also be used for general corporate purposes, including potential debt repayment, investments, and acquisitions.
- Nyxoah plans to draw EUR 13.8 million from its European Investment Bank loan in Q2 2026.
- Certain directors expressed interest in participating in the offering, following related party procedures.
Price Impact
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