{"id":2718,"date":"2018-11-16T18:58:25","date_gmt":"2018-11-16T17:58:25","guid":{"rendered":"https:\/\/dewb.de\/en\/?p=2718"},"modified":"2019-01-25T18:58:51","modified_gmt":"2019-01-25T17:58:51","slug":"noxxon-announces-e-6-2-million-equity-capital-raise-including-us-5-million-from-us-familiy-office-acuitas-capital-llc","status":"publish","type":"post","link":"https:\/\/dewb.de\/en\/noxxon-announces-e-6-2-million-equity-capital-raise-including-us-5-million-from-us-familiy-office-acuitas-capital-llc\/","title":{"rendered":"NOXXON announces \u20ac 6.2 million equity capital raise including US$ 5 million from US familiy office ACUITAS CAPITAL, LLC"},"content":{"rendered":"<ul>\n<li><strong>NOXXON ends the use of variable rate equity financing with Yorkville<\/strong><\/li>\n<\/ul>\n<p><strong>Berlin, Germany, November 16, 2018, 08.00 a.m. CET<\/strong> &#8211; NOXXON Pharma N.V. (Euronext Growth Paris: ALNOX), a biotechnology company focused on improving cancer treatments by targeting the tumor microenvironment (TME), announced today that it has secured an equity capital raise totaling\u00a0\u20ac 6.2 million, including US$ 5 million committed by lead investor, Acuitas Capital, LLC, a US based family office.<\/p>\n<p>This equity capital raise meets the criteria to end YA II PN\u2019s (\u201cYorkville\u201d) ability to invest in NOXXON via the variable rate equity vehicle without the consent of NOXXON. Additionally, NOXXON has contractually committed not to use Yorkville or any other variable rate vehicles for two years, by which time the ability to pull tranches from the Yorkville vehicle will have expired.<\/p>\n<p>Acuitas Capital, LLC agreed to purchase 3,783,201 shares at \u20ac 1.17 per share, a 10% discount to the closing bid price of NOXXON ordinary shares on November 14, 2018 of \u20ac 1.30 per share. Furthermore, Acuitas Capital, LLC has been granted warrants to acquire an equivalent number of shares at \u20ac 1.4148 per share, 1.2-fold of the purchase price for the ordinary shares. Kreos and holders of the convertible bonds listed on Euronext Access shall also purchase shares in exchange for outstanding obligations at an equivalent price per share to that received by Acuitas Capital, LLC.<\/p>\n<p>\u201cThis investment by Acuitas Capital, LLC into ordinary shares of the company is transformational for NOXXON. The support of Acuitas Capital, LLC underscores the potential of our pipeline, enables NOXXON to fully exploit the data from the ongoing NOX-A12 trial and gives the team more flexibility to further develop our clinical assets\u201d said Aram Mangasarian, CEO of NOXXON Pharma. He continued, \u201cIn addition, the elimination of the Kreos debt further strengthens NOXXON\u2018s balance sheet by eliminating interest and principal payment obligations.\u201d<\/p>\n<p>On the basis of 4,817,135 ordinary shares outstanding before today\u2019s announcement, the dilution from the issuance of the ordinary shares purchased by Acuitas Capital, LLC for US$ 5 million plus the ordinary shares purchase by Kreos and the convertible bond holders totals 52%. Further details of the equity investment including the main characteristics of the warrants issued today are available in the annex to this press release.<\/p>\n<p>This communication serves as the official notice to holders of NOXXON\u2019s 7% convertible bonds listed on Euronext Access (NOXXON7%PT bonds) that NOXXON has exercised its right to convert all outstanding bonds into ordinary shares following a Qualified Financing. Corresponding Issuer Conversion Notices have been submitted to the Agent with a Conversion Date of December 4, 2018. As a result, no holder of NOXXON7%PT bonds may request an earlier conversion.<\/p>\n<p>Financial community outreach and investor relations support for the financing was provided by Trophic Communications.<\/p>\n<p>\u00a0<\/p>\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-2718\" data-postid=\"2718\" class=\"themify_builder_content themify_builder_content-2718 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->","protected":false},"excerpt":{"rendered":"<p>NOXXON ends the use of variable rate equity financing with Yorkville<\/p>\n","protected":false},"author":3,"featured_media":2607,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.10 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NOXXON announces \u20ac 6.2 million equity capital raise including US$ 5 million from US familiy office ACUITAS CAPITAL, LLC - Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dewb.de\/en\/noxxon-announces-e-6-2-million-equity-capital-raise-including-us-5-million-from-us-familiy-office-acuitas-capital-llc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NOXXON announces \u20ac 6.2 million equity capital raise including US$ 5 million from US familiy office ACUITAS CAPITAL, LLC - Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG\" \/>\n<meta property=\"og:description\" content=\"NOXXON ends the use of variable rate equity financing with Yorkville\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dewb.de\/en\/noxxon-announces-e-6-2-million-equity-capital-raise-including-us-5-million-from-us-familiy-office-acuitas-capital-llc\/\" \/>\n<meta property=\"og:site_name\" content=\"Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-16T17:58:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-01-25T17:58:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dewb.de\/en\/wp-content\/uploads\/sites\/2\/2019\/01\/noxxon.png\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"marcoscheidler\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"marcoscheidler\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/dewb.de\/en\/noxxon-announces-e-6-2-million-equity-capital-raise-including-us-5-million-from-us-familiy-office-acuitas-capital-llc\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/dewb.de\/en\/noxxon-announces-e-6-2-million-equity-capital-raise-including-us-5-million-from-us-familiy-office-acuitas-capital-llc\/\"},\"author\":{\"name\":\"marcoscheidler\",\"@id\":\"https:\/\/dewb.de\/en\/#\/schema\/person\/69df13c3b5c68bc0094644a9b1e94eff\"},\"headline\":\"NOXXON announces \u20ac 6.2 million equity capital raise including US$ 5 million from US familiy office ACUITAS CAPITAL, LLC\",\"datePublished\":\"2018-11-16T17:58:25+00:00\",\"dateModified\":\"2019-01-25T17:58:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/dewb.de\/en\/noxxon-announces-e-6-2-million-equity-capital-raise-including-us-5-million-from-us-familiy-office-acuitas-capital-llc\/\"},\"wordCount\":463,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/dewb.de\/en\/#organization\"},\"articleSection\":[\"Portfolio News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/dewb.de\/en\/noxxon-announces-e-6-2-million-equity-capital-raise-including-us-5-million-from-us-familiy-office-acuitas-capital-llc\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dewb.de\/en\/noxxon-announces-e-6-2-million-equity-capital-raise-including-us-5-million-from-us-familiy-office-acuitas-capital-llc\/\",\"url\":\"https:\/\/dewb.de\/en\/noxxon-announces-e-6-2-million-equity-capital-raise-including-us-5-million-from-us-familiy-office-acuitas-capital-llc\/\",\"name\":\"NOXXON announces \u20ac 6.2 million equity capital raise including US$ 5 million from US familiy office ACUITAS CAPITAL, LLC - Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG\",\"isPartOf\":{\"@id\":\"https:\/\/dewb.de\/en\/#website\"},\"datePublished\":\"2018-11-16T17:58:25+00:00\",\"dateModified\":\"2019-01-25T17:58:51+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/dewb.de\/en\/noxxon-announces-e-6-2-million-equity-capital-raise-including-us-5-million-from-us-familiy-office-acuitas-capital-llc\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/dewb.de\/en\/noxxon-announces-e-6-2-million-equity-capital-raise-including-us-5-million-from-us-familiy-office-acuitas-capital-llc\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/dewb.de\/en\/noxxon-announces-e-6-2-million-equity-capital-raise-including-us-5-million-from-us-familiy-office-acuitas-capital-llc\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Startseite\",\"item\":\"https:\/\/dewb.de\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NOXXON announces \u20ac 6.2 million equity capital raise including US$ 5 million from US familiy office ACUITAS CAPITAL, LLC\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dewb.de\/en\/#website\",\"url\":\"https:\/\/dewb.de\/en\/\",\"name\":\"Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG\",\"description\":\"Eine weitere Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG Websites Website\",\"publisher\":{\"@id\":\"https:\/\/dewb.de\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dewb.de\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/dewb.de\/en\/#organization\",\"name\":\"Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG\",\"url\":\"https:\/\/dewb.de\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dewb.de\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/dewb.de\/en\/wp-content\/uploads\/sites\/2\/2018\/10\/dewb_invers.jpg\",\"contentUrl\":\"https:\/\/dewb.de\/en\/wp-content\/uploads\/sites\/2\/2018\/10\/dewb_invers.jpg\",\"width\":300,\"height\":82,\"caption\":\"Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG\"},\"image\":{\"@id\":\"https:\/\/dewb.de\/en\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/dewb.de\/en\/#\/schema\/person\/69df13c3b5c68bc0094644a9b1e94eff\",\"name\":\"marcoscheidler\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dewb.de\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/33ec369bdcb31be9e19af5548b08ec5e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/33ec369bdcb31be9e19af5548b08ec5e?s=96&d=mm&r=g\",\"caption\":\"marcoscheidler\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"NOXXON announces \u20ac 6.2 million equity capital raise including US$ 5 million from US familiy office ACUITAS CAPITAL, LLC - Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/dewb.de\/en\/noxxon-announces-e-6-2-million-equity-capital-raise-including-us-5-million-from-us-familiy-office-acuitas-capital-llc\/","og_locale":"en_US","og_type":"article","og_title":"NOXXON announces \u20ac 6.2 million equity capital raise including US$ 5 million from US familiy office ACUITAS CAPITAL, LLC - Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG","og_description":"NOXXON ends the use of variable rate equity financing with Yorkville","og_url":"https:\/\/dewb.de\/en\/noxxon-announces-e-6-2-million-equity-capital-raise-including-us-5-million-from-us-familiy-office-acuitas-capital-llc\/","og_site_name":"Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG","article_published_time":"2018-11-16T17:58:25+00:00","article_modified_time":"2019-01-25T17:58:51+00:00","og_image":[{"width":300,"height":300,"url":"https:\/\/dewb.de\/en\/wp-content\/uploads\/sites\/2\/2019\/01\/noxxon.png","type":"image\/png"}],"author":"marcoscheidler","twitter_card":"summary_large_image","twitter_misc":{"Written by":"marcoscheidler","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/dewb.de\/en\/noxxon-announces-e-6-2-million-equity-capital-raise-including-us-5-million-from-us-familiy-office-acuitas-capital-llc\/#article","isPartOf":{"@id":"https:\/\/dewb.de\/en\/noxxon-announces-e-6-2-million-equity-capital-raise-including-us-5-million-from-us-familiy-office-acuitas-capital-llc\/"},"author":{"name":"marcoscheidler","@id":"https:\/\/dewb.de\/en\/#\/schema\/person\/69df13c3b5c68bc0094644a9b1e94eff"},"headline":"NOXXON announces \u20ac 6.2 million equity capital raise including US$ 5 million from US familiy office ACUITAS CAPITAL, LLC","datePublished":"2018-11-16T17:58:25+00:00","dateModified":"2019-01-25T17:58:51+00:00","mainEntityOfPage":{"@id":"https:\/\/dewb.de\/en\/noxxon-announces-e-6-2-million-equity-capital-raise-including-us-5-million-from-us-familiy-office-acuitas-capital-llc\/"},"wordCount":463,"commentCount":0,"publisher":{"@id":"https:\/\/dewb.de\/en\/#organization"},"articleSection":["Portfolio News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/dewb.de\/en\/noxxon-announces-e-6-2-million-equity-capital-raise-including-us-5-million-from-us-familiy-office-acuitas-capital-llc\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/dewb.de\/en\/noxxon-announces-e-6-2-million-equity-capital-raise-including-us-5-million-from-us-familiy-office-acuitas-capital-llc\/","url":"https:\/\/dewb.de\/en\/noxxon-announces-e-6-2-million-equity-capital-raise-including-us-5-million-from-us-familiy-office-acuitas-capital-llc\/","name":"NOXXON announces \u20ac 6.2 million equity capital raise including US$ 5 million from US familiy office ACUITAS CAPITAL, LLC - Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG","isPartOf":{"@id":"https:\/\/dewb.de\/en\/#website"},"datePublished":"2018-11-16T17:58:25+00:00","dateModified":"2019-01-25T17:58:51+00:00","breadcrumb":{"@id":"https:\/\/dewb.de\/en\/noxxon-announces-e-6-2-million-equity-capital-raise-including-us-5-million-from-us-familiy-office-acuitas-capital-llc\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/dewb.de\/en\/noxxon-announces-e-6-2-million-equity-capital-raise-including-us-5-million-from-us-familiy-office-acuitas-capital-llc\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/dewb.de\/en\/noxxon-announces-e-6-2-million-equity-capital-raise-including-us-5-million-from-us-familiy-office-acuitas-capital-llc\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Startseite","item":"https:\/\/dewb.de\/en\/"},{"@type":"ListItem","position":2,"name":"NOXXON announces \u20ac 6.2 million equity capital raise including US$ 5 million from US familiy office ACUITAS CAPITAL, LLC"}]},{"@type":"WebSite","@id":"https:\/\/dewb.de\/en\/#website","url":"https:\/\/dewb.de\/en\/","name":"Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG","description":"Eine weitere Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG Websites Website","publisher":{"@id":"https:\/\/dewb.de\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/dewb.de\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/dewb.de\/en\/#organization","name":"Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG","url":"https:\/\/dewb.de\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/dewb.de\/en\/#\/schema\/logo\/image\/","url":"https:\/\/dewb.de\/en\/wp-content\/uploads\/sites\/2\/2018\/10\/dewb_invers.jpg","contentUrl":"https:\/\/dewb.de\/en\/wp-content\/uploads\/sites\/2\/2018\/10\/dewb_invers.jpg","width":300,"height":82,"caption":"Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft AG"},"image":{"@id":"https:\/\/dewb.de\/en\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/dewb.de\/en\/#\/schema\/person\/69df13c3b5c68bc0094644a9b1e94eff","name":"marcoscheidler","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/dewb.de\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/33ec369bdcb31be9e19af5548b08ec5e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/33ec369bdcb31be9e19af5548b08ec5e?s=96&d=mm&r=g","caption":"marcoscheidler"}}]}},"builder_content":"","_links":{"self":[{"href":"https:\/\/dewb.de\/en\/wp-json\/wp\/v2\/posts\/2718"}],"collection":[{"href":"https:\/\/dewb.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dewb.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dewb.de\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/dewb.de\/en\/wp-json\/wp\/v2\/comments?post=2718"}],"version-history":[{"count":1,"href":"https:\/\/dewb.de\/en\/wp-json\/wp\/v2\/posts\/2718\/revisions"}],"predecessor-version":[{"id":2719,"href":"https:\/\/dewb.de\/en\/wp-json\/wp\/v2\/posts\/2718\/revisions\/2719"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dewb.de\/en\/wp-json\/wp\/v2\/media\/2607"}],"wp:attachment":[{"href":"https:\/\/dewb.de\/en\/wp-json\/wp\/v2\/media?parent=2718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dewb.de\/en\/wp-json\/wp\/v2\/categories?post=2718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dewb.de\/en\/wp-json\/wp\/v2\/tags?post=2718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}