Nexstim has completed a directed share issue worth €1.75m to London-based fund managed by City Financial. The share issue creates 7m new shares and extends the financial runway the company has until Q1/2019. We reiterate our OUTPERFORM recommendation.
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Share issue creates more runway
Nexstim has completed a directed share issue worth €1.75m to London-based fund managed by City Financial. The share issue creates 7m new shares and extends the financial runway the company has until Q1/2019. We reiterate our OUTPERFORM recommendation.