News

– Restructuring of existing debt through the issuance of a two-tranche loan from Norgine Ventures and Harbert European Fund Advisors of up to 6.0 M€

– Equity line with Nice & Green for 3.0 M€ with no associated warrants

PARIS and SAN FRANCISCO, September 13, 2018 – 18:00 CEST – SpineGuard (FR0011464452 – ALSGD), an innovative company that develops and markets instruments designed to secure the placement of surgical implants by bringing real-time digital technology into the operating room, announced today that it secured 9.0 million euro of financing.

The two financings consist of:

The issuance of a 6.0 million euro bond facility with Norgine Ventures and Harbert European Fund Advisors in substitution of the company’s facility from IPF Partners is in two tranches. The first tranche of 4.5 million euro was drawn on 10 September 2018. The second tranche can be drawn between April and September 2019, upon the achievement of certain conditions.

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