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Nyxoah SA Ordinary Shares (symbol: NYXH) is at the forefront of medical technology, focusing on innovative solutions to address Obstructive Sleep Apnea (OSA). The company is committed to enhancing the lives of individuals suffering from sleep-disordered breathing conditions through its state-of-the-art products and services.
Nyxoah's flagship product, the Genio system, is a CE-Mark validated, bilateral neurostimulation therapy designed to treat moderate to severe OSA. This user-centered system provides an effective and non-invasive treatment option for a condition that has been linked to increased mortality risks and various comorbidities, including cardiovascular diseases, depression, and stroke.
The Genio system stands out in the market due to its unique approach, focusing on bilateral stimulation to open the airway during sleep, thereby improving the quality of life for patients. The development and commercialization of this innovative platform underscore Nyxoah's commitment to addressing critical health issues with cutting-edge technology.
Recent achievements of Nyxoah include advancements in clinical trials, expansion into new markets, and strategic partnerships that underscore the company's growth potential and dedication to innovation. Financially, Nyxoah has shown resilience and strategic foresight, ensuring robust investment in research and development to maintain its competitive edge.
Nyxoah continually updates its stakeholders with the latest company news, ensuring transparency and fostering investor confidence. With its headquarters in Belgium, Nyxoah is well-positioned to expand its global presence and continue its mission of providing effective solutions for OSA and related conditions.
Stay informed with the latest updates and developments from Nyxoah to keep track of their performance, events, and strategic initiatives.
Nyxoah SA announced significant shareholding updates on April 20, 2023. The company received two transparency notifications regarding large shareholdings. Together Partnership has surpassed the 10% threshold, holding 2,948,285 shares or 10.42% of voting rights as of March 30, 2023. Simultaneously, ResMed Inc. crossed the 5% threshold, holding 1,499,756 shares or 5.30% of voting rights on the same date. The total number of voting rights on that date was 28,286,985. These notifications comply with the regulations set forth in the Act of May 2, 2007.
Mont-Saint-Guibert, Belgium, April 17, 2023 – Nyxoah SA (Euronext Brussels and Nasdaq: NYXH) announced updates regarding its share capital following the issuance of new shares. The company's total share capital is now EUR 4,923,807.45, with 28,661,985 voting rights available from ordinary shares. Additionally, the report outlines various warrant issuances that allow the holders to subscribe to a total of 2,501,875 securities carrying voting rights. This information is disclosed in accordance with the legal requirement to report large shareholdings.
Nyxoah Raises $3 Million from Equity Offering
On April 13, 2023, Nyxoah announced the successful raising of $3 million through its At-the-Market (ATM) equity offering program, initiated on December 22, 2022. The funds will be utilized for general corporate purposes. This offering was executed under a shelf registration statement effective since January 6, 2023, allowing the company to capitalize on favorable market conditions.
Nyxoah specializes in innovative solutions for treating Obstructive Sleep Apnea (OSA), with its key product, the Genio® system, already CE marked in Europe and under FDA study for U.S. approval. The company aims to enhance patient quality of life by addressing OSA effectively.
Despite the positive fundraising news, Nyxoah continues to face market uncertainties inherent in medical technology development.
Mont-Saint-Guibert, Belgium, March 31, 2023 – Nyxoah SA (Euronext Brussels and Nasdaq: NYXH) announced updated information on its voting rights and share capital. The total share capital now stands at EUR 4,859,382.45, with 28,286,985 ordinary shares carrying voting rights. Following recent share issues, there are also multiple warrants entitling holders to subscribe to additional securities, including 55 from the 2016 ESOP Warrants, 100 from the 2018 ESOP Warrants, 430,500 from the 2020 ESOP Warrants, 1,326,375 from the 2021 ESOP Warrants, and 700,000 from the 2022 ESOP Warrants.
Nyxoah has successfully raised $2.8 million through an at-the-market equity offering as part of a broader $50 million program initiated in December 2022. The funding comes from a historical shareholder, Cochlear Limited, and will be allocated for general corporate purposes. This offering is conducted under a shelf registration statement filed with the SEC. The company is known for its Genio® system, a CE marked technology for treating Obstructive Sleep Apnea (OSA), and is currently seeking FDA approval in the U.S. with its ongoing DREAM IDE pivotal study.
Nyxoah announced a $15 million private placement financing on March 23, 2023, issuing 2,047,544 shares at €6.52 each (approx. $7.10). Gross proceeds of €13.35 million will support corporate purposes, with closing expected around March 30, 2023. Key shareholders, including ResMed and Robert Taub, participated in the offering. Nyxoah specializes in treatments for Obstructive Sleep Apnea (OSA), with its lead product, the Genio® system, having received CE Mark approval. The company is also conducting the DREAM IDE study for FDA approval in the U.S.
Nyxoah reported its fourth quarter and full year 2022 financials, achieving significant milestones in its Obstructive Sleep Apnea treatment development. Key highlights include:
- Completed all 115 implants in the DREAM U.S. pivotal trial.
- Generated €1.3 million in quarterly sales, marking a sequential market share gain in Germany.
- Ended 2022 with a cash position of €94.8 million.
Despite these gains, the company incurred an operating loss of €9.1 million for Q4 and €32.5 million for the full year due to increased R&D and operational expenses. The annual revenue was €3.1 million, up from €0.9 million in 2021.
Nyxoah SA has announced the release of its financial results for the fourth quarter and full year 2022 on March 22, 2023, after market close. The company will host a conference call to discuss the results starting at 10:30pm CET / 4:30pm ET. Nyxoah is focused on developing solutions for Obstructive Sleep Apnea (OSA), with its lead product, the Genio® system, holding a CE Mark since 2019. The product aims to offer innovative treatment for patients with OSA, having received CE approval for expanding its indications.
Nyxoah, a medical technology company specializing in solutions for Obstructive Sleep Apnea (OSA), announced its participation in the Oppenheimer 33rd Annual Healthcare Conference from March 13-15, 2023. CEO Olivier Taelman will present a corporate update on March 14 at 11:20 AM ET, with a webcast available on their Investor Relations website. The company aims to enhance treatment options with its Genio® system, which has received European CE Mark approval and is currently conducting the DREAM IDE pivotal study for FDA approval. This innovative therapy addresses OSA, a condition linked to serious health risks.
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