other material
confidence high
sentiment positive
materiality 0.70
VolitionRx secures ~$5.5M financing from Belgian regional government WE
VOLITIONRX LTD
- Total financing €5.0M (~$5.5M) from Wallonie Entreprendre; €2.5M unsecured loan at 8% interest, maturity Dec 2028.
- €2.5M equity component: WE purchases 3,205,431 restricted shares at $0.8337 per share.
- Proceeds for Nu.Q product development, including Nu.Q NETs sepsis diagnostic clinical program.
- Loan drawable in three tranches: €1.5M immediate, €0.5M from June 2024, €0.5M from March 2025.