ONWARD® Medical Publishes Closing of Accelerated Bookbuild Offering and Public Offering in France
EINDHOVEN, the Netherlands, March 25, 2024 (GLOBE NEWSWIRE) -- ONWARD Medical N.V. (Euronext: ONWD) (the “Company” or “ONWARD Medical”), the medical technology company creating innovative spinal cord stimulation therapies to restore movement, function, and independence in people with spinal cord injury (SCI) and movement disorders, announces today the closing of its previously announced private placement with institutional investors, certain founders, certain members of management, and certain members of the Board of Directors (the “Private Placement”) and of its separate public offering via the PrimaryBid platform with retail investors in France (the “Public Offer” and together with the Private Placement the “Offerings”). The gross proceeds from the Offerings amount to €20 million.
- OTHER RESTRICTIONS ARE APPLICABLE.
- PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.
- As of today, the new shares issued pursuant to the Offerings are admitted to listing and trading on Euronext Brussels and Euronext Amsterdam.
- This press release does not constitute, contain, or form part of an offering of securities in any jurisdiction.