Oxurion NV announced that it has entered into a Subscription Agreement for the gross proceeds of €20.8 million in its debt round of funding on March 2, 2023. The company has issued Convertible Bonds in the transaction. The transaction included participation from new current lender Atlas Special Opportunities LLC.

The Company will pay a fee of €0.8 million in bonds. The debt maturity date is March 2, 2025. The funding will be provided in nine tranches, with the first tranche including a Part A of €2.8 million (including the fee) and Part B of €2 million, and subsequent tranches of €2 million each with a cool-down period of 22 trading days between tranches (except for between Part A and Part B of the first tranche where there is no cool down period).