TheraVet SA announced a private placement of 400 convertible bonds at a price of ?2,500 per bond for gross proceeds of ?1,000,000 on November 20, 2023. The bonds have a term of 60 months from the date of issue. The transaction will include participation from IRIS. The company may extend the transaction size up to ?3,000,000. The company will complete the transaction in tranches of ?200,000 each to be subscribed over a 24-month period.

On the same day, the company issued 80 convertible bonds for gross proceeds of ?200,000 in its first tranche.