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Nyxoah Announces Closing of Nasdaq Initial Public Offering and Underwriters’ Full Exercise of Option to Purchase Additional Shares

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Nyxoah Announces Closing of Nasdaq Initial Public Offering and Underwriters' Full Exercise of Option to Purchase Additional Shares

Mont–Saint–Guibert, Belgium "" July 8, 2021, 10:30pm CET / 4:30pm ET "" Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) ("Nyxoah" or the "Company"), a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA), today announced the closing on July 7, 2021 of its initial public offering in the United States (the "Offering") of 2,835,000 ordinary shares at a price to the public of US$30 per share for total gross proceeds of US$85.1 million before deducting underwriting discounts and commissions and estimated offering expenses. In addition, Nyxoah announced today that the underwriters of the Offering have exercised their option to purchase additional shares in full. The option to purchase additional shares granted to the underwriters was for the purchase of up to an additional 425,250 new ordinary shares, at the public offering price of US$30 per share, before underwriting discounts and commissions. This exercise will bring the total gross proceeds of the Offering to US$97.8 million before deducting underwriting discounts and commissions and estimated offering expenses. The closing of the exercise of the option to purchase additional shares is expected to occur on July 9, 2021, subject to the satisfaction of customary closing conditions.

Piper Sandler, Stifel and Cantor acted as joint book–running managers for the offering. Degroof Petercam acted as a co–manager.

A registration statement relating to the ordinary shares was filed with the Securities and Exchange Commission ("SEC") and declared effective on June 30, 2021. This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification or publication of an offering prospectus under the securities laws of any such state or jurisdiction.

The offering of ordinary shares was made only by means of a prospectus. A copy of the final prospectus can be obtained from Piper Sandler & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, Minnesota 55402, by e–mail at prospectus@psc.com, or by phone at (800) 747–3924; Stifel, Nicolaus & Company, Incorporated at Attention: Syndicate, One Montgomery Street, Suite 3700, San Francisco, CA 94104, by telephone at (415) 364–2720, or by email at syndprospectus@stifel.com; or Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 4th Floor, New York, New York 10022; email: prospectus@cantor.com.

Forward–Looking Statements
This press release includes certain disclosures that contain "forward–looking statements," including, without limitation, statements regarding the closing of the shares to be sold pursuant to the exercise of the option to purchase additional ordinary shares. Forward–looking statements are based on Nyxoah's current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict and could cause actual results to differ. Forward–looking statements contained in this announcement are made as of this date, and Nyxoah undertakes no duty to update such information except as required under applicable law.

IMPORTANT INFORMATION
No public offering will be made and no one has taken any action that would, or is intended to, permit a public offering in any country or jurisdiction, other than the United States, where any such action is required, including in Belgium. Belgian investors, other than qualified investors within the meaning of the Belgian Act of 11 July 2018 on the public offering of securities and the admission of securities to be traded on a regulated market, will not be eligible to participate in the offering (whether in Belgium or elsewhere). The transaction to which this press release relates will only be available to, and will be engaged in only with, in member states of the European Economic Area, persons falling within the meaning of Article 2(e) of Regulation (EU) 2017/1129 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market (the “Prospectus Regulation”), and in the United Kingdom, investment professionals falling within article 19 (5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”), persons falling within article 49 (2), (a) to (d) of the Order and other persons to whom it may lawfully be communicated. A listing prospectus will be prepared by Nyxoah in accordance with Article 3 of the Prospectus Regulation for the purpose of having the new ordinary shares, issued pursuant to the Offering and the exercise by the underwriters of their option to purchase additional ordinary shares, admitted to trading on Euronext Brussels.

Contacts:
Nyxoah
Fabian Suarez, Chief Financial Officer
corporate@nyxoah.com
+32 (0)10 22 24 55

Gilmartin Group
Vivian Cervantes
IR@nyxoah.com

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GLOBENEWSWIRE (Distribution ID 1000515339)

China-Canada Collaboration on CO2 Capture for Cement

REGINA, Saskatchewan, July 08, 2021 (GLOBE NEWSWIRE) — A new collaboration between the China Building Materials Academy, (CBMA) and Canadian based, International CCS Knowledge Centre (Knowledge Centre) will see simultaneous advancements in understanding and knowledge sharing of carbon capture technology designed specifically to see substantial emission reductions from the global cement industry.

The first initiative under the agreement, Carbon Capture Use Piloting with Cement Kiln Project will aid CBMA in applying the Knowledge Centre's model and Front End Engineering Design (FEED) of a test platform – which has a carbon dioxide (CO2) capture capacity of approximately 155 kg CO2/per day. The project will be built and piloted on a carbon capture system that utilizes the post combustion flue gas from a producing cement kiln.

The Knowledge Centre will have an observer role to learn and gain insight on the characteristics of a cement kiln operation and its integration with a post combustion carbon capture system. The agreement grants the Knowledge Centre access to the operational data, such as further design, testing, data based on the modelling, emission–related information, and any improvements made to the CO2 capture test platform.

This collaboration agreement is part of a bilateral science and technology cooperation between Canada and China, the China–Canada Science & Technology Cooperative Action Plan. The agreement also syncs with goals of the Chinese government to achieve carbon peaking before 2030 and carbon neutrality before 2060 with efforts of the cement industry in China to accelerate innovation in low carbon technologies.

Through the carbon capture pilot platform, the CBMA is expected to adapt the application for potential scale–up to commercial demonstration with know–how that could be applied across the sizable fleet of China National Building Materials Ltd. (CNBM), the world's largest cement producer and the parent of CBMA.

The Knowledge Centre is currently completing a feasibility study on a full–scaled post–combustion carbon capture system on Lehigh's Cement plant in Edmonton, Canada by applying the same model based on large–scale CCS experiences from the commercial coal–fired power plant, at the famed Canadian based Boundary Dam 3 CCS Facility.

Quotes

"The International Knowledge Centre is proud to be a partner in assisting the CBMA on its CCS development and deployment journey to help China realize its ambitious goals of carbon peaking and carbon neutrality, which is positive for the world."

– Conway Nelson, VP Strategy & Stakeholder Relations, International CCS Knowledge Centre

"The cement industry could only achieve carbon neutrality by carbon capture approaches. Deep GHG emission reduction objectives can only be achieved by adhering to the decarbonization technology route, by applying CCS technologies to capture the carbon dioxide emissions from various aspects of the production process."
'''·"CCS""'"·'

– Chairman Zhou Yuxian, Chairman of China Building Materials Group (CNBM)

ADDITIONAL INFORMATION

Cement Emission Overview

  • Concrete, a product of cement, is the second most consumed substance on the planet, next to water, with roughly attributing three tonnes of concrete yearly by every person on earth (State of the Planet, Earth Institute, Columbia University).
  • Total emissions from the cement industry contribute as much as 7–8% of global CO2 emissions.
  • Two thirds or 5% of global emissions result from the chemical reactions in the cement production process and therefore cannot be eliminated through gains in energy efficiency.
  • Global demand for cement is expected to increase 12–23% by 2050 (IEA Report: Transforming Industry through CCUS)
  • As the largest cement producer, China accounts for about 55% of global production, followed remotely by India at 8%.
  • China's cement industry is estimated about 1.2 Gt of CO2 emissions to their national GHG emissions, annually.

China–Canada Science & Technology Cooperative Action Plan

  • China–Canada Science & Technology Cooperative Action Plan is a framework for cooperation in scientific and technological research, which will extend and strengthen the conduct of cooperative activities in areas of common interest and encourage the application of the results of such cooperation to their economic and social benefit.

MEDIA CONTACTS

International CCS Knowledge Centre
Jodi Woollam
Head of Communications & Media Relations
jwoollam@ccsknowledge.com
T: +1–306–565–5956 / M: +1–306–520–3710
ccsknowledge.com
@CCSKnowledge

About the International CCS Knowledge Centre (Knowledge Centre): with a mandate to advance the global understanding and deployment of large–scale CCS to reduce global GHG emissions, the Knowledge Centre provides the know–how to implement large–scale CCS projects as well as CCS optimization through the base learnings from both the fully–integrated Boundary Dam 3 CCS Facility and the comprehensive second–generation CCS study, known as the Shand CCS Feasibility Study. Operating since 2016 under the direction of an independent board, the Knowledge Centre was established by BHP and SaskPower. For more info: https://ccsknowledge.com/

About the China Building Materials Academy (CBMA): is the largest state–owned comprehensive research development and design firm of the industry sector in China and operates as the technology innovation platform of the China National Building Materials Group Corporation (CNBM), which is the largest comprehensive building materials industry group in China. CBMA undertakes a large number of research and development programmes of national significance and advances the technology for energy–saving and emission reduction in building materials industry. With dozens of labs and testing centres, CBMA is the standard bearer of the building materials industry sector for technology innovation covering cement, concrete, wall material, glass, ceramics, refractory and new materials. For more info: http://cbma.com.cn/en/index.jsp

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/84fbcfdd–0f35–4299–af06–d694a269dba0


GLOBENEWSWIRE (Distribution ID 8276961)