SpineGuard SA (ENXTPA:ALSGD) announced that it has entered into an agreement for a private placement of 500 convertible warrants with a issue price of €19,000 for gross proceeds of €9,500,000 on April 8, 2021. The transaction will include participation from returning investor Nice & Green SA. There will be a minimum of 65 stock days between each draw of 50 warrant each. The warrants are convertible into 86,956 common shares of the company of stock price of €2.3 per share within 120 days of issuance. The nominal value of each warrant is €20,000. The warrants are exercisable at a price of €1,000. The funding is expected to be received in tranches.