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

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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

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Badael Company Invites to Join its Initiative, Sign a Pledge for a Smoke-Free Saudi Arabia


Riyadh: As Badael, a PIF Company, marks its first anniversary, coinciding with ‘World No Tobacco Day’ on 31 May, the company announced the launch of the ‘Clear the Air’ campaign. This initiative calls upon individuals, organizations, and government entities to unite in creating a smoke-free Saudi Arabia.

Badael aims to curb smoking by providing safer alternatives in line with the quality-of-life Vision 2030. The company is leading the cause to help one million Saudis quit smoking by 2028, thanks to the first-ever Saudi-made DZRT nicotine pouches manufactured in Saudi Arabia.

In its first year, Badael achieved significant milestones, establishing and expanding its manufacturing capacity while investing substantially in research and development to enhance its product range. The company has diversified its distribution channels surpassing one million e-commerce orders since its inception, helping around three hundred thousand people locally transition from tobacco to their products. These achievements are a te
stament to Badael’s commitment to public health, underscore the company’s steadfast dedication to its mission, and exemplify its commitment to future expansion and innovation.

As part of the ‘Clear the Air’ campaign, individuals, corporations, and government bodies are invited to sign the pledge for a smoke-free Saudi Arabia. This collective effort aims to significantly reduce tobacco use and improve the overall well-being of Saudi society. The pledge emphasizes raising awareness about the dangers of smoking, supporting quitters, protecting youth, promoting clean air, and safeguarding the environment.

Make a difference by visiting Badael’s website and signing the pledge (https://badaelcompany.com/en/thecause).

Tolga Sezer, Chief Executive Officer of Badael, stated that “World No Tobacco Day is a powerful reminder of the urgent need to foster a better future for the Kingdom. Supporting Vision 2030, Badael is leading the cause to switch smokers away from a very harmful habit with the help of reduced-risk alt
ernatives like DZRT nicotine pouches by 2028. As we commemorate this day, we launch the ‘Clear the Air’ campaign to emphasize the significance of our mission and rally everyone to join the cause. By signing the pledge, you commit to raising awareness about the dangers of smoking, supporting those who wish to quit, protecting our youth, advocating for clean air, and respecting our environment. Together, we can create a brighter, smoke-free future for all.”

Source: Saudi Press Agency

Bahrain, China sign MoU to enhance media cooperation

During the state visit of His Majesty King Hamad bin Isa Al Khalifa, the President of the current Arab Summit, to China, a Memorandum of Understanding (MoU) was signed between the National Communication Centre and China Media Group. This MoU aims to enhance cooperation and exchange expertise in the communication sector.

Ahmed Khalid Al Araifi, CEO of the National Communication Centre, highlighted that this agreement reflects the strong ties between Bahrain and China across various fields. It paves the way for a new phase of cooperation in the communication domain.

The MoU aims at enhancing communication between the two countries through various tools and platforms, serving shared interests and strengthening bilateral relations.

This agreement aligns with the National Communication Centre’s priorities to foster constructive cooperation with regional and international media entities, supporting ambitious government communication strategies.

The continuous development of government communication necessitate
s robust collaboration with leading media organisations worldwide, enhancing the exchange of professional expertise and knowledge as essential pillars of success, the CEO of NCC said.

The MoU covers areas of cooperation such as the exchange of news and media content, innovation in creative communication, programme and expertise sharing, participation in events and mutual visits, and joint efforts in training and developing human resources in various communication sectors through specialised programmes.

Source: Bahrain News Agency

National Security announces the arrest of 158 defendants this month

The. Iraqi National Security Service ( INSS) announced today, Friday, the arrest of 158 defendants during the current month.

The INSS stated, in a statement, that it ‘continues to implement its qualitative operations throughout the country’s governorates in accordance with a distinguished intelligence effort and judicial approvals, as it was able during the month of May to arrest (35) accused of terrorism and (54) drug dealers and promoters, in addition to the overthrow of (69) electronic blackmailer.

The statement added: ‘On the economic level, our detachments seized more than (3) thousand tons of smuggled and spoiled wheat and (55) tons of materials unfit for human consumption.’

He continued: “In separate duties, our detachments carried out arrest operations that included the overthrow of (7) accused of practicing human organ trafficking, and two accused of belonging to extremist religious movements, in addition to the arrest of two accused of trafficking in antiquities.

Source: National Iraqi News Ag
ency

Bahrain, China establish comprehensive strategic partnership

During His Majesty King Hamad bin Isa Al Khalifa’s official state visit to Beijing, a joint statement was issued today, marking the establishment of a comprehensive strategic partnership between the Kingdom of Bahrain and the People’s Republic of China. The visit was at the invitation of His Excellency Xi Jinping, President of the People’s Republic of China.

Since establishing diplomatic relations on April 18, 1989, Bahrain and China have maintained mutual respect and equality, with their relations steadily developing, political trust growing, and practical cooperation growing stronger across various fields, the statement said.

Celebrating the 35th anniversary of their diplomatic relations, both nations expressed satisfaction with their progress and agreed to a comprehensive strategic partnership to enhance cooperation in all areas for the benefit of their peoples, the statement announced.

The statement said that both countries will continue supporting each other on core issues.

‘China reaffirms its supp
ort for Bahrain’s sovereignty, security, and stability, rejecting external interference in Bahrain’s internal affairs,’ it read.

‘Bahrain reaffirms its commitment to the One-China policy and supports China’s efforts to maintain its sovereignty and territorial integrity.’

Bahrain praised President Xi Jinping’s Global Development Initiative, Global Security Initiative, and Global Civilisation Initiative, the statement added.

In turn, China welcomed Bahrain’s participation in these initiatives and expressed readiness to cooperate. Both sides emphasised the importance of true multilateralism, upholding the international system centred on the UN, and promoting a multipolar world and inclusive economic globalisation. They pledged to work together to build a community with a shared future for humanity.

The two countries agreed to enhance communication at all levels, expand exchanges between government and parliamentary bodies, and strengthen policy coordination to deepen political trust.

They will continue coop
eration under the Belt and Road Initiative, expanding collaboration in infrastructure, economy, trade, investment, finance, new energy, advanced technology, agriculture, fisheries, education, culture, tourism, and health to foster development and prosperity.

China congratulated Bahrain on successfully hosting the 33rd Arab League Summit on May 16, 2024, and commended Bahrain’s initiative to host an international peace conference, recognising Bahrain’s efforts in promoting peace in the Middle East.

Both sides praised the role of the China-Arab States Cooperation Forum in advancing joint cooperation and expressed readiness to ensure the implementation of the outcomes of the first China-Arab States Summit. They committed to preparing for the second China-Arab States Summit in China in 2026, fostering China-Arab cooperation and building a shared future.

The statement said that the two leaders stressed the importance of implementing the outcomes of the first China-GCC Summit, deepening strategic partnerships, a
nd working towards a China-GCC free trade agreement at the earliest opportunity.

Both sides affirmed that maintaining peace and stability in the Middle East and the Gulf serves the fundamental and long-term interests of the region’s people. They support resolving disputes through dialogue and consultation, utilising positive neighbourliness, and enhancing communication and coordination on regional affairs to jointly contribute to peace, development, and security.

Source: Bahrain News Agency

MoI: Intensive security practices Implemented on Rusafa side of Baghdad

The Ministry of Interior announced, today, Friday, the implementation of intensive security practices on the Rusafa side of Baghdad.

The spokesman for the Interior Ministry and the Security Media Cell, Brigadier General Miqdad Miri, said in a statement: ‘ Baghdad Al-Rusafa Police Command implemented intensive security practices within the sector of responsibility under the direct supervision of the Baghdad Al-Rusafa Police Commander, Major General Shaalan Ali Saleh Al-Hasnawi, which resulted in the arrest of (133) wanted persons violators and a suspect, in addition to violators of residency requirements of different nationalities, was also seized (202) motorcycles in violation of legal instructions and (54) wanted vehicles with a seize sign on them and in violation of legal instructions.’

He added: ‘Legal measures were taken against those arrested and the seized items were handed over in accordance with the approved contexts.’

Source: National Iraqi News Agency

Saudi Foreign Minister meets Chinese counterpart

His Highness Prince Faisal bin Farhan bin Abdullah Al Saud, the Minister of Foreign Affairs of the Kingdom of Saudi Arabia, during his visit to Beijing, met with Wang Yi, the Chinese Foreign Minister.

According to the Saudi Press Agency (SPA), the meeting focused on Saudi-Chinese relations and means to enhance them across various domains. They also discussed strengthening bilateral and multilateral coordination on issues of common interest.

The two ministers addressed current regional and international developments and the efforts being made to address them.

Source: Bahrain News Agency

A cache of weapons and equipment belonging to the terrorist ISIS seized in Nineveh

The Security Media Cell announced today, Friday, the seizure of a cache of equipment and weapons in Nineveh Governorate.

The cell said in a statement: ‘According to accurate information, the Military Intelligence Directorate, in cooperation with the security forces occupying the ground, seized an underground cache of equipment and weapons in Ain al-Jahsh quarry area in Nineveh.’

It added: ‘The equipment and weapons belong to ISIS terrorist gangs.

Source: National Iraqi News Agency

HM King meets Chinese Premier

His Majesty King Hamad bin Isa Al Khalifa today met with, His Excellency Mr. Li Qiang, the Premier of the State Council of the People’s Republic of China, on the sidelines of HM the King’s state visit to the People’s Republic of China.

Upon his arrival at the State Council Premier’s headquarters, HM King Hamad was received by HE Mr. Qiang.

During his visit, HM the King held a meeting with the State Council Premier, where HE Mr. Qiang delivered a speech.

Below is the text of the speech:

Your Majesty the King, I would like to express my happiness upon receiving you and extend my warmest welcome your visit in China.

Your Majesty, you are considered a long-standing friend of China, who is highly appreciated in all occasions. and we are deeply grateful for the honour of your esteemed presence on all occasions.

The history of cooperation and exchange of relations between the two countries extends for centuries, and over the past 35 years of diplomatic relations, we have shared mutual respect and taken pride
in our friendship with the Kingdom of Bahrain. This has been achieved through the expansion of bilateral cooperation across various fields, which has promoted acquaintance and exchange between the people of the two countries.

Today, His Excellency the President of China will hold official talks with Your Majesty, and we are committed to strengthening cooperation with Bahrain to further implement joint strategies and develop relations.

Following that, HM King Hamad delivered the followingspeech:

In the name of Allah, the most gracious, the most merciful.

His Excellency Mr.Li Qiang, the Premier of the State Council of the People’s Republic of China,

Your excellencies,

We are pleased to meet Your Excellency the Premier and thank you for your warm hospitality.

We would like to express our keenness to develop the progress of our cooperation and friendship, which enjoy a rich history dating back to the 1970s. We take great pride, today, for the evident closeness and mutual understanding it is characterised b
y, which we highly appreciate.

We would like to congratulate you on the successful results of the China-Arab States Cooperation Forum, particularly His Excellency President Mr. Xi Jinping’s Belt and Road Initiative. It is very important to us that we benefit from its promising opportunities to enrich cooperation with your esteemed nation.

We are pleased with the significant outcomes and progress achieved through our strong partnership. During our meeting today with HE the Premier, we look forward to exploring cooperation and discussing the outcomes of the 33rd Arab Summit held in the Kingdom of Bahrain. We hope for your support in implementing the summit’s outcomes to promote regional stability and prosperity.

We take this opportunity to express our gratitude for China’s contributions to various development projects in Bahrain, and your valued support for its membership in the Shanghai Cooperation Organisation (SCO). We also anticipate the outcomes of the current negotiations regarding the free trade area
between the Gulf Cooperation Council (GCC) and the People’s Republic of China.

Your Excellency the Premier,

As advocates of peace, tolerance, and human coexistence, we believe in adopting a peaceful and diplomatic approach, grounded in principles of good neighborliness and non-interference in internal affairs.

We seek to resume diplomatic ties with Iran as a neighbour, and we welcome your support for this effort to promote peace and stability in the region, and for working together alongside are relevant parties to promptly deal with the repercussions of the situation in Palestine. We urge the international community and the United Nations Security Council to take a firm stance to stop the war on Gaza, paving the way for ending the Palestinian-Israeli conflict.

We would also like to express our appreciation for China’s stance on the recognition of the State of Palestine as a full member state of the United Nations and for its interest and unwavering support for just Arab causes.

Once again, we express ou
r gratitude to Your Excellency Primer for this meeting, and reiterate our commitment to the One China Principle, recognising its sovereignty and territorial integrity. We wish the People’s Republic of China and its people continued progress and prosperity.

May the peace, mercy, and blessings of Allah be upon you,

The meeting discussed means to enhance relations and strengthen cooperation in various domains, particularly in economic, commercial, investment, and scientific areas.

The two sides also reviewed various regional and international matters and developments.

HM the King affirmed the Kingdom’s pride in the strategic relations with the People’s Republic of China and the commitment to further enhance cooperation.

HM King Hamad emphasised the advancement of Bahraini-Chinese relations over the years on various levels, especially in the economic and commercial disciplines.

HM the King highlighted the long-standing history and shared values between the two countries.

HM King Hamad commended China’s glo
bal role and efforts in promoting cooperation with Arab countries, as well as its interest in achieving stability and security in the Middle Eastern region.

Source: Bahrain News Agency