Austrian biotech firm Marinomed secures €423,840 convertible bond with European Investment Bank.

Austrian biotech firm Marinomed Biotech AG has signed a binding term sheet with the European Investment Bank (EIB) for a convertible bond worth €423,840. The bond could convert into up to 84,768 shares at €5 each. The company is also exploring a second cash capital increase, contingent on investor negotiations and board approvals.

November 27, 2024
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