Nicox Expands Equity Financing with Vester Finance

Nicox SA has announced an extension of its equity line of financing with Vester Finance. This extension allows for the issuance of up to 5 million additional shares, representing a potential dilution of up to 6.43% of the current share capital. The deal maintains the same conditions as previously established in March 2025.

The company estimates a financial runway extending into the third quarter of 2026, excluding the proceeds from the newly announced financing. The additional shares could potentially raise €3.1 million, assuming current market prices.

The transaction was approved by Nicox's Board of Directors and does not require a prospectus submission to the Autorité des marchés financiers (AMF).

The results from the Phase 3 NCX 470 Denali study are anticipated between mid-August and mid-September 2025, and may influence financial strategies. Vester Finance, holding about 4% of Nicox's share capital, may alter its stock position depending on market conditions.