CARMAT announces the implementation of a flexible equity financing line with IRIS Capital Investment [Yahoo! Finance]
AIRBUS SE UNSP/ADR (EADSY)
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Source: Yahoo! Finance
total artificial heart, aiming to provide a therapeutic alternative for people suffering from advanced biventricular heart failure (the " Company " or " CARMAT "), announces the implementation of a flexible equity financing line with IRIS Capital Investment (" IRIS "), for a maximum of 9,000,000 shares (i.e., approximately 15% of its current share capital), over a 24-month period. Stéphane Piat, Chief Executive Officer of CARMAT , comments: "I am very pleased with the implementation of this financing line with IRIS Capital Investment, which, based on our current share price, provides us with a potential total financing amount of approximately €7.9 million over the next 24 months, and thus offers substantial room for manoeuvre that we can sta
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