Nyxoah Announces Closing of Offering and Partial Exercise of Option to Purchase Additional Shares

INSIDE INFORMATION REGULATED INFORMATION Nyxoah Announces Closing of Offering and Partial Exercise of Option to Purchase Additional Shares Mont-Saint-Guibert, Belgium – May 31, 2024, 8:00am CET / 2:00am ET – Nyxoah SA (Euronext Brussels/ Nasdaq: NYXH) (“Nyxoah” or the “Company”), a medical technology company focused on the development and commercialization of innovative solutions to treat […]

INSIDE INFORMATION
REGULATED INFORMATION

Nyxoah Announces Closing of Offering and Partial Exercise of
Option to Purchase Additional Shares

Mont-Saint-Guibert, Belgium – May 31, 2024, 8:00am CET / 2:00am ET – Nyxoah SA (Euronext Brussels/ Nasdaq: NYXH) (“Nyxoah” or the “Company”), a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA), today announced the closing of its previously announced underwritten public offering in the United States, which included shares sold in a private offering to certain qualified or institutional investors outside the United States, including within the European Union, in which 5,374,755 shares of its ordinary shares were sold at an offering price of $9.25 (EUR 8.54) per share, before underwriting discounts and commissions. This resulted in total gross proceeds, before deducting underwriting discounts and commissions and other offering expenses payable by Nyxoah, of approximately $50 million (EUR 45.9 million).

In addition, Nyxoah announced today that the underwriters of the Offering have exercised their option to purchase additional shares for 300,000 shares at the public offering price of $9.25 (EUR 8.54) per share, before underwriting discounts and commissions. This exercise will bring the total gross proceeds of the Offering to approximately $52.5 million (EUR 48.5 million) before deducting underwriting discounts and commissions and estimated offering expenses. The closing of the exercise of the option to purchase 300,000 additional shares is expected to occur on June 3, 2024, subject to the satisfaction of customary closing conditions.

Nyxoah intends to use the net proceeds from the proposed offering (i) for pre-commercialization and commercialization activities in the United States; (ii) to continue gathering clinical data and to support physician initiated clinical research projects related to OSA patient treatments; (iii) to further finance research and development activities related to the next generation of the Genio system and to continue to build a pipeline of new technologies and explore potential collaboration opportunities in the field of monitoring and diagnostics for OSA; and (iv) for other general corporate purposes, including, but not limited to, working capital, capital expenditures, investments, acquisitions, should the Company choose to pursue any, and collaborations.

Cantor Fitzgerald & Co. acted as the sole book-running manager for the offering. Degroof Petercam acted as a co-manager.

The public offering in the United States was made pursuant to an effective shelf registration statement on Form F-3 (File No. 333-268955) that was filed by Nyxoah with the U.S. Securities and Exchange Commission (the “SEC”) and became effective on January 6, 2023. Copies of the final prospectus supplement and the accompanying prospectus relating to and describing the terms of the offering are available on the SEC’s website at www.sec.gov. Copies of the final prospectus supplement and the accompanying prospectus may be obtained by contacting Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street, 6th Floor, New York, New York 10022; email: prospectus@cantor.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Nyxoah
Nyxoah is a medical technology company focused on the development and commercialization of innovative solutions to treat OSA. Nyxoah’s lead solution is the Genio® system, a patient-centered, leadless and battery-free hypoglossal neurostimulation therapy for OSA, the world’s most common sleep disordered breathing condition that is associated with increased mortality risk and cardiovascular comorbidities. Nyxoah is driven by the vision that OSA patients should enjoy restful nights and feel enabled to live their life to its fullest.

Caution – CE marked since 2019. Investigational device in the United States. Limited by U.S. federal law to investigational use in the United States.

Forward-Looking Statements
This press release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements that are not statements of historical facts are, or may be deemed to be, forward-looking statements. Such forward-looking statements may be identified by words such as “expects,” “potential,” “could,” or similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements include express or implied statements relating to, among other things, Nyxoah’s current expectations regarding the Genio® system; planned and ongoing clinical studies of the Genio® system; the potential advantages of the Genio® system; Nyxoah’s goals with respect to the development, regulatory pathway and potential use of the Genio® system; the utility of clinical data in potentially obtaining FDA approval of the Genio® system; the Company’s results of operations, financial condition, liquidity, performance, prospects, growth and strategies; and statements relating to the offering, including the expected closing, the anticipated proceeds from the offering and the use thereof. These statements are neither promises nor guarantees and are subject to a variety of risks and uncertainties, many of which are beyond Nyxoah’s control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. In particular, these risks and uncertainties include, without limitation, risks relating to market conditions and the Company’s inability, or the inability of the underwriters, to satisfy the conditions for the closing of the offering. Given these uncertainties, the reader is advised not to place any undue reliance on such forward-looking statements. Other risks and uncertainties faced by Nyxoah include those identified under the heading “Risk Factors” in Nyxoah’s most recent Annual Report on Form 20-F filed with the SEC, as well as subsequent filings and reports filed with the SEC. The forward-looking statements contained in this press release reflect Nyxoah’s views as of the date hereof, and Nyxoah does not assume and specifically disclaims any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

Contact:
Nyxoah
David DeMartino, Chief Strategy Officer

IR@nyxoah.com

Attachment

GlobeNewswire Distribution ID 1000963842

Pakistan Hajj Mission in Makkah organizes daily orientation for Mouavineen

Pakistan Hajj Mission in Makkah organizes daily orientation for the Mouavineen to keep them prepared for better service delivery during Hajj days to make pilgrims stay at Mina, Muzdalifa and Arafat comfortable and hassle free.

Radio Pakistan Corresp…

Pakistan Hajj Mission in Makkah organizes daily orientation for the Mouavineen to keep them prepared for better service delivery during Hajj days to make pilgrims stay at Mina, Muzdalifa and Arafat comfortable and hassle free. Radio Pakistan Correspondent Bilal Khan Mehsud reports from Makkah that the purpose of this exercise is to familiarize them with essential knowledge, routes and accommodation details for assisting pilgrims during the Hajj days. Assistant Director Operations Adeel Mehboob told Radio Pakistan that over 440 male and female Moavineen are currently performing duties in transport, accommodation and food departments. Pakistan Hajj Mission has acquired tents for all Pakistani Hujjaj at streets 56, 62, and 511 in Mina, where Hujjaj will spend most of their time during Hajj. On eighth of Dhul-Hijjah, pilgrims will put on ihram and leave for the tent-city of Mina. Source: Radio Pakistan

World No Tobacco Day being observed today

World No Tobacco Day is being observed today.

This year, the theme is “Protecting Children from Tobacco Industry Interference”, underscores the critical need to prevent future generations from falling prey to the harmful impact of tobacco use.

Sou…

World No Tobacco Day is being observed today. This year, the theme is "Protecting Children from Tobacco Industry Interference", underscores the critical need to prevent future generations from falling prey to the harmful impact of tobacco use. Source: Radio Pakistan

PM felicitates newly elected CPNE office-bearers

Prime Minister Shehbaz Sharif has extended felicitations to the newly elected office bearers in the annual elections of Council of Pakistan Newspaper Editors.

In his message, he congratulated President Irshad Ahmed Arif, Secretary General Ejazul Haq…

Prime Minister Shehbaz Sharif has extended felicitations to the newly elected office bearers in the annual elections of Council of Pakistan Newspaper Editors. In his message, he congratulated President Irshad Ahmed Arif, Secretary General Ejazul Haque, Senior Vice President Anwar Sajdi and other elected officials. The Prime Minister expressed hope that newly elected office bearers will take steps for further improving the quality of journalism and eradicating fake news in the country. He commended the role of Council of Pakistan Newspaper Editors for rendering valuable services in the promotion of quality journalism in the country. He termed resolving the problems of the journalistic community as the topmost priority of the government. Shehbaz Sharif said that government is taking effective measures for the freedom of media in the country. Source: Radio Pakistan

Govt taking steps on priority basis to increase exports: PM

Prime Minister Shehbaz Sharif says the government is taking all possible measures on priority basis to increase country’s exports.

Talking to delegation of Auto and Auto Parts Manufacturers in Islamabad today, Prime Minister said auto sector should …

Prime Minister Shehbaz Sharif says the government is taking all possible measures on priority basis to increase country's exports. Talking to delegation of Auto and Auto Parts Manufacturers in Islamabad today, Prime Minister said auto sector should introduce locally manufactured vehicles. He said the auto sector should export a significant portion of its products and contribute to country's development and also become part of international value chain. Source: Radio Pakistan

PM urges nationwide rollout of single window operations

Prime Minister Shehbaz Sharif says single window operations should be expanded across the country to ease the provision of civic amenities to the people.

He was chairing a meeting of the Pakistan Single Window Company in Islamabad today.

The Prime …

Prime Minister Shehbaz Sharif says single window operations should be expanded across the country to ease the provision of civic amenities to the people. He was chairing a meeting of the Pakistan Single Window Company in Islamabad today. The Prime Minister said the Company's presence is highly appreciable as it facilitates trade and creates ease of doing business. He said the Company's scope should be expanded. Shehbaz Sharif said China's single window system is a model for us. The meeting was briefed that Pakistan Single Window Company is benefiting sixty five percent trade of the country. It was told that 11 government institutions and 29 Banks are linked with the Pakistan Single Window. The Company ranks the best among countries in the region according to the United Nations Digital and Sustainable Trade Facilitation Survey 2022. Source: Radio Pakistan

PM’s Coordinator, German Delegation discuss climate resilience collaboration

Head of Development Cooperation at the German Embassy Sebastian Paust called on Prime Minister’s Coordinator on Climate Change Romina Khurshid Alam in Islamabad today.

On this occasion, Sebastian Paust said that his country and organization are well…

Head of Development Cooperation at the German Embassy Sebastian Paust called on Prime Minister's Coordinator on Climate Change Romina Khurshid Alam in Islamabad today. On this occasion, Sebastian Paust said that his country and organization are well aware of the climate risks being faced by Pakistan. He also showed interest to work with Pakistan to address environmental and climate change challenges. Highlighting the steps taken by the government for achieving environmental sustainability, Romina Khurshid Alam termed climate-resilient building, e-waste management, climate tourism, climate sports, SDGs, disaster management and mainstreaming women into climate risk management as the priority areas. The PM's coordinator also thanked the German delegation and assured all-out support to launch any initiative that helps Pakistan achieve sustainable development goals, particularly related to climate change, education, health, environment and disaster risk management. Source: Radio Pakistan

PM commends FBR for surpassing May tax collection targets

Prime Minister Muhammad Shehbaz Sharif has lauded the officials of Federal Board of Revenue for collecting more taxes than the set target during May in this year.

In his message, he said that FBR collected 760 billion rupees against its set target o…

Prime Minister Muhammad Shehbaz Sharif has lauded the officials of Federal Board of Revenue for collecting more taxes than the set target during May in this year. In his message, he said that FBR collected 760 billion rupees against its set target of 745 billion rupees in May, for which the team deserves appreciation. Shehbaz Sharif said that it is the result of diligent work of FBR team to bring 31 percent increase in tax collection rate till May 2024 and 43 percent increase in domestic tax rate this month compared to last year. The Prime Minister termed increasing revenues for economic stability and development as the first priority of the government. Source: Radio Pakistan