Neovacs SA (FR:ALNEV) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Neovacs SA, a French biopharmaceutical company, has announced a capital reduction due to losses, which involves decreasing the nominal value of its shares from 0.0005 euro to 0.0001 euro. Following the decision of its Board of Directors, the overall share capital is reduced accordingly, affecting the equity per share for investors. The company warns of potential significant share price volatility and dilution risk due to financing operations with European High Growth Opportunities Securitization Fund and a trust arrangement.
For further insights into FR:ALNEV stock, check out TipRanks’ Stock Analysis page.