DGAP-News: Newron Receives Fifth Tranche from Financing Agreement with European Investment Bank (EIB)
The EIB loan is backed by the European Fund for Strategic Investments (EFSI), the central pillar of the Investment plan for Europe.
DGAP-News: Newron Pharmaceuticals S.p.A. / Key word(s): Financing/Miscellaneous Newron Receives Fifth Tranche from Financing Agreement with European Investment Bank (EIB) 18.10.2021 / 17:45 The issuer is solely responsible for the content of this announcement. Newron Receives Fifth Tranche from Financing Agreement with Milan, Italy - October 18, 2021, 5:45 pm CEST - Newron Pharmaceuticals S.p.A. ("Newron") (SIX: NWRN, XETRA: NP5), a biopharmaceutical company focused on the development of novel therapies for patients with diseases of the central and peripheral nervous system, announces that it has received Tranche 5 under its financing agreement with the European Investment Bank (EIB) that was signed in October 2018 and comprises up to EUR 40 million, subject to achieving a set of agreed performance criteria. The EIB loan is backed by the European Fund for Strategic Investments (EFSI), the central pillar of the Investment plan for Europe. Tranche 5 consists of EUR 7.5 million and will primarily be used to support the Company's development programs in diseases of the central nervous system. The first four tranches of the loan, totaling EUR 32.5 million, were received by Newron in 2019, 2020 and in September 2021. In connection with Tranche 5, EIB has received warrants entitling it to purchase up to 151,344 ordinary shares of Newron at an exercise price of EUR 9.25 per share. About Newron Pharmaceuticals UK/Europe Switzerland Germany/Europe USA
18.10.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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