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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.
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La firma austríaca de biotecnología Marinomed asegura un bono convertible de 423.840 euros con el Banco Europeo de Inversiones.