July 8, 2020 / 12:05 PM / a month ago

BRIEF-Paion Reports Full Conversion Of Convertible Notes

July 8 (Reuters) - PAION AG:

* REPORTS FULL CONVERSION OF CONVERTIBLE NOTES

* WITH RECENT U.S. APPROVAL OF REMIMAZOLAM, INCLUDING A RELATED MILESTONE PAYMENT OF EUR 15 MILLION, WE DO NOT PLAN TO FURTHER USE THIS FACILITY

* TODAY ANNOUNCES THAT EUR 5 MILLION CONVERTIBLE NOTES ISSUED TO YORKVILLE ADVISORS GLOBAL IN SEPTEMBER 2019 HAVE BEEN CONVERTED INTO A TOTAL OF 2,363,350 PAION SHARES Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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