Oryzon Genomics S.A. announced that it has entered into a purchase agreement to issue convertible bonds for the gross proceeds of ?45 million on November 21, 2023. The convertible notes will be converted into common shares of the company have a maturity of 48 months, zero interest rate, and have no warrants associated. The transaction will include participation from returning investor, Nice & Green SA.

The transaction will take place as, ?8 million in two tranches of ?4 million each, plus optional additional tranches of up to ?5 million each.