ABIONYX Pharma Completes a Capital Increase in Favor of Categories of Persons

Financial visibility extended to Q1 2025 without drawing on the equity-linked financing facility

TOULOUSE, France & LAKELAND, Mich.–(BUSINESS WIRE)–Regulatory News:

ABIONYX Pharma, (FR0012616852 – ABNX – PEA PME eligible), a new generation biotech company dedicated to the discovery and development of innovative therapies based on the world’s only recombinant apoA-1, announces the successful completion of a capital increase of around €3,000,000 (including premium) designed to strengthen the Company’s cash position in the context of its development in sepsis.

Terms and conditions of the issue

Following the decision to issue taken by the Board of Directors on October 5, the Chief Executive Officer noted today the full subscription of 2,967,352 new shares at a price of €1.011 per share (i.e., a 10% discount to the weighted average share price of €1.1233 for the 10 trading sessions preceding the Board of Directors’ decision). This issue represents approximately 10.21% of the share capital at the date of the decision to issue.

This operation takes place within the framework of a capital increase with cancellation of preferential subscription rights in favor of persons belonging to specified categories¹, decided by the Board of Directors on October 5, acting based on the delegation granted by the Annual General Meeting of June 27, 2023, under its 20^th extraordinary resolution.

The total amount of the capital increase is €2,999,992.87 (including a par value of €148,367.60 and an issue premium of €2,851,625.27). The new shares will carry dividend rights, will be assimilated to existing shares and will enjoy the same rights. They will be subject to all the provisions of the Company’s bylaws and will be admitted to trading on Euronext on the same line as existing shares.

Share ownership

The number of shares issued represents around 10.21% of the number of shares in circulation before issue and 9.27% after issue. By way of illustration, a shareholder who held a number of shares representing 1% of ABIONYX Pharma’s share capital before the issue, represents 0.91% of the share capital after the issue.

Shareholders* before and after capital increase in % of capital

* Based on information brought to the Company’s attention, in particular for bearer shareholders via declarations of crossing thresholds (legal and statutory)

Purpose of the fundraising

The purpose of this fundraising is to strengthen the Company’s cash position in the context of its development in sepsis, and to ensure its financial visibility, which has now been extended to Q1 2025 without drawing on the equity-linked financing facility.

Absence of prospectus

In accordance with the provisions of Article 211-3 of the General Regulations of the Autorité des Marchés Financiers (AMF), the issue will not be subject to a prospectus submitted for AMF approval.

Risk factors

Risk factors are described in the 2022 Universal Registration Document (chapter 3) filed with the AMF under number D.23-0382 on April 28, 2023, and available on the Company’s website: www.abionyx.com and that of the AMF: www.amf-france.org.

About ABIONYX Pharma

ABIONYX Pharma is a new generation biotech company that aims to contribute to health through innovative therapies in indications where there is no effective or existing treatment, even the rarest ones. Thanks to its partners in research, medicine, biopharmaceuticals and shareholding, the company innovates on a daily basis to propose drugs for the treatment of renal and ophthalmological diseases, or new apoA-I vectors used for targeted drug delivery.

Contacts

NewCap
Investor relations

Nicolas Fossiez

Louis-Victor Delouvrier

abionyx@newcap.eu
+33 (0)1 44 71 98 53

NewCap
Media relations

Arthur Rouillé

abionyx@newcap.eu
+33 (0)1 44 71 00 15