Biosynex S.A. (ENXTPA:ALBIO) a private placement of maximum of 1,614,205 shares at €2.1 per share for gross proceeds of €3,389,830.5 on November 29, 2016. The transaction is guaranteed by the founding shareholders with preferential subscription rights. The subscription period will be from December 6, 2016 to December 14, 2016. The company will issue five new shares for every 22 shares held. The company will issue 1,403,657 shares with 210,548 shares to be issued as part of the extension clause. The company has received subscription commitments from ALA FINANCIERE and Larry ABENSUR for €760,000, AJT FINANCIERE and Thomas LAMY for €298, 000, and AXODEV and Thierry PAPER for €157,000 as these already hold 30.32%, 11.52%, and 6.5% stake respectively in the company.