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 start benefitting from immediately. In parallel, we are actively working on securing additional funding to ensure the long-term development of our Company and our sales growth. Following a strong start this year, we are determined to progressively e
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