Sequana Medical Updates Share Capital and Equity Structure Post Loan Adjustments

Sequana Medical's Strategic Move to Enhance Equity Through Loan Conversions

Sequana Medical NV has recently announced significant developments regarding its share capital structure. This involves a strategic decision to convert loans into equity, which is a key move for the company as it continues to pioneer innovative treatments for fluid overload linked to liver disease, heart failure, and cancer.

Understanding the Loan Conversions

Under its financial strategy, Sequana Medical has successfully converted approximately EUR 4.5 million through three major loan agreements. This includes EUR 0.53 million under the Sensinnovat 2020 loan, EUR 1.28 million under the 2024 convertible loan, and EUR 2.68 million from the Kreos 2022 loan. These conversions not only reduce the company’s net debt but bolster its equity position, allowing for potential future growth.

Breakdown of Loan Contributions

The company's decision to convert these loans was based on several significant agreements: firstly, the convertible loan agreement with Sensinnovat BV, which has been amended to better suit current economic conditions. Secondly, the company’s cooperation with various shareholders under a new convertible loan agreement paved the way for the additional capital influx. Lastly, the loan agreement with Kreos Capital VII has provided a substantial amount of capital conversion.

Impact on Share Capital and Shares

Following the conversion of these loans, Sequana Medical has seen its share capital rise from EUR 4,603,936.18 to EUR 5,430,706.55. Furthermore, the total number of outstanding shares has increased from 44,436,192 to 52,416,601, representing an issuance of almost 8 million new shares. This move positions the company for better capital structure, likely enhancing investor confidence.

Future Financial Outlook

The current financial adjustments will positively impact Sequana Medical's overall financial strategy. The total number of current outstanding subscription rights has also increased, providing potential to further raise capital through additional share options in the future. This includes various plans related to employee compensation and investment strategies, which outline how many new shares can be issued upon exercise of these options.

Pioneering Treatments for Fluid Overload

Sequana Medical is at the forefront of addressing fluid overload, a detrimental condition especially for patients facing liver disease, heart failure, or cancer. The outdated methods like diuretics often fall short for these patients, creating a demand for innovative alternatives. The company's proprietary platforms, including alfapump® and DSR®, are designed to provide significant clinical benefits.

Recent Developments in Treatment Approvals

Recently, Sequana Medical received approval from the US FDA for the alfapump System, aimed specifically at those suffering from refractory ascites due to liver cirrhosis. This regulatory milestone is expected to serve as a springboard for US commercialization in the near future, targeting liver transplant centers across the country.

Investor Relations Information

For those looking for further information regarding these recent developments, Sequana Medical invites inquiries through their investor relations contact avenues. Their commitment to transparency provides stakeholders with essential updates relevant to their investments.

About Sequana Medical

Sequana Medical NV continues to strive for innovation in the medical field, focusing on fluid management solutions that directly address patient needs. With a solid strategy in place for equity enhancement and treatment delivery, the company is well-poised for future growth and success in the healthcare market.

Frequently Asked Questions

What are the key benefits of Sequana Medical's loan conversions?

The key benefits include a reduction in net debt and an increase in share capital, enhancing financial stability and investor confidence.

How has Sequana Medical’s outstanding shares changed after recent announcements?

The number of outstanding shares has increased from 44,436,192 to 52,416,601 following the conversion of loans into shares.

What is the purpose of the alfapump® System?

The alfapump® System is designed to treat fluid overload in patients suffering from liver disease, providing a critical alternative to traditional diuretic treatments.

When is Sequana Medical planning to begin US commercialization?

The US commercialization is expected to commence in the latter half of 2025 as Sequana Medical prepares a specialty sales force to reach key liver transplant centers.

Where can I find more information about investor relations for Sequana Medical?

Interested parties can reach out via the investor relations email, which is provided on Sequana Medical’s official site.

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