Nyxoah Announces First Tranche of Convertible Bond Financing

Nyxoah SA, a medical technology company, announced the issuance of the first tranche of convertible notes worth €22.5 million to an entity managed by Heights Capital Management. The notes carry a 6.5% annual interest rate and mature in three years, with quarterly payments of principal and interest. The company also granted a right to the investor to advance up to two principal payments at any time between regular amortization periods or defer payment of a future principal payment to a later amortization date.