MONTPELLIER, France--(BUSINESS WIRE)--Regulatory News:
Sensorion (Paris:ALSEN) (FR0012596468 – ALSEN), a biotech company specializing in the treatment of inner ear diseases, today announced the exercise of a second tranche of convertible notes with warrants attached was fully subscribed by a fund managed by US investment manager Yorkville Advisors Global, LP (the “Investor”) and the issuance of 500 additional Tranche Warrants. Strengthening of the financial structure to support Sensorion’s Research & Development efforts In accordance with the original issuance contract signed on November 19, 2015, and following the vote by the Shareholder’s on April 29, 2016, Sensorion (the “Company”) today issued 500 warrants giving access to convertible notes (the “Notes”) with share subscription warrants attached (the “Warrants”) (together the “Notes with Warrants”) (the “Tranche Warrants”) for the Investor. Simultaneously, the Investor has today exercised, at the Company’s request, 300 Tranche Warrants from those issued in November 2015 resulting in the issuance of €3 million of Notes with Warrants to support the Company’s Research & Development efforts, in particular its clinical programs.
Sensorion (Paris:ALSEN) (FR0012596468 – ALSEN), a biotech company specializing in the treatment of inner ear diseases, today announced the exercise of a second tranche of convertible notes with warrants attached was fully subscribed by a fund managed by US investment manager Yorkville Advisors Global, LP (the “Investor”) and the issuance of 500 additional Tranche Warrants. Strengthening of the financial structure to support Sensorion’s Research & Development efforts In accordance with the original issuance contract signed on November 19, 2015, and following the vote by the Shareholder’s on April 29, 2016, Sensorion (the “Company”) today issued 500 warrants giving access to convertible notes (the “Notes”) with share subscription warrants attached (the “Warrants”) (together the “Notes with Warrants”) (the “Tranche Warrants”) for the Investor. Simultaneously, the Investor has today exercised, at the Company’s request, 300 Tranche Warrants from those issued in November 2015 resulting in the issuance of €3 million of Notes with Warrants to support the Company’s Research & Development efforts, in particular its clinical programs.
