SpineGuard, a company listed on Euronext Growth, and specialized deploying its proprietary real time sensing technology DSG® (Dynamic Surgical Guidance) to streamline the placement of implants in the skeleton, announces a new equity financing.

This new financing aims at securing the Company’s cash runway in the context of both the COVID-19 pandemic and the Chapter 11 and French ‘sauvegarde’ plans currently being prepared.

This new financing amounting to 2.4 millions euros has been structured in the form of issuance of pre-paid warrants fully subscribed by Nice & Green, a company specialized in providing corporate services and flexible financing solutions to listed companies.

This issuance of pre-paid warrants in several tranches allows SpineGuard to receive 90% of the amount of each tranche at the subscription and to benefit upfront from almost of the amount of such tranches, the remaining amount being provided at the exercice of the warrants.

Nice & Green has been advised by Solferino Associés (Fouad Bellaaroussi).

SpineGuard has been advised by FLV Associés (Bastien Mathieu).

Read the press release published by SpineGuard

Solferino Associés has been ranked as one of the best French M&A law firms by Le Point magazine, dated 25 June 2020.

This ranking, conducted by Statista based on a survey among 18,000 lawyers, inhouse corporate lawyers and clients, rewards the best law firms based ont the technical expertise, the availability and the transaprency of their lawyers.

10 years after having been created, the firm takes a new step thanks to its entire team and warmly thanks its colleagues and clients with whom Le Point Magazine has collaborated to establish this ranking.

Solferino Associés advised Dedalus France, a leading healthcare and diagnostic software provider, in the context of the public tender offer launched by its main shareholder, Dedalus Italia S.p.A.

This tender offer, has been approved by the Financial Market Authority (Autorité des Marchés Financiers) on 23 June 2020,  and will be followed by a squeeze-out should Dedalus Italia reach the threshold of 90% of share capital of Dedalus France as a consequence of the tender offer.

Solferino Associés advised Dedalus France with Fouad Bellaaroussi, Louise Toison and Justine Lossois.

Dedalus Italia has been advised by Clifford Chance with Gilles Lebreton, Aline Cardin, Alexandre Merle and Valentin Morichon.