Inventiva draws down the second tranche of €25 million under existing Finance Contract with the European Investment Bank
The disbursement of the second tranche is expected to occur on or about January 18, 2024.
- The disbursement of the second tranche is expected to occur on or about January 18, 2024.
- On January 4, 2024, and in accordance with the Finance Contract, the Company issued 3,144,654 warrants to EIB.
- After the drawdown of the first tranche in December 20222, the Company was eligible to access the second tranche of €25 million if it met certain conditions precedent described below.
- Following the achievement of those conditions, the Company decided to draw on the second tranche to reinforce its financial position.