Sensorion SA announced a private placement with returning investors Redmile Group, Invus, Sofinnova Partners and a large investment management firm to issue 24,574,694 New Shares at an issue price of ?0.63 per share for the gross proceeds of ??15,482,057.22? on April 5, 2024. Redmile Group, Invus and Sofinnova Partners who are existing shareholders and are also represented on the Board of Directors of the Company, will participate in the Reserved Offering for subscription amounts of ?1.8 million, ?1.7 million and ?1.0 million, respectively, representing 11.3%, 10.7% and 6.5% of the aggregate gross amount of the Reserved Offering, respectively.

It is specified that Redmile Group, Invus and Sofinnova Partners, who are also members of Sensorion?s Board of Directors, did not take part in the vote of the Reserved Offering at the Board of Directors? meeting held on April 5, 2024. The transaction is expected to close on April 11, 2024.