MDxHealth Announces Exercise of Option

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[{"type":"text","content":" NEWS RELEASE – REGULATED INFORMATION MARCH 6, 2023, 5:30 pm ET/ 23:30 CET IRVINE, CA, and HERSTAL, BELGIUM – March 6, 2023 – MDxHealth SA (NASDAQ/Euronext: MDXH) (“mdxhealth” or the “Company“), a commercial-stage precision diagnostics company, today announced that, in the context of the registered public offering of 10,000,000 American Depositary Shares (“ADSs”) (each representing 10 ordinary shares of the Company without nominal value) previously announced and completed on February 7, 2023 (the “Offering”), the underwriters exercised the option to purchase additional ADSs (each representing 10 ordinary shares of the Company without nominal value), on the same terms and conditions as in the Offering, in the amount of 750,000 ADSs at a price of USD 4.00 per ADS1 for gross proceeds of USD 3.0 million2 before deducting commissions and estimated offering expenses. As a result of the exercise of the option granted by the Company to the underwriters for a 30-day period following the Offering (the “Option”), the total gross proceeds for the Company from the Offering amount to USD 43.0 million, before deducting commissions and estimated offering expenses. The closing of the exercise of the Option with respect to the 750,000 additional ADSs is expected to occur on March 8, 2023, subject to the satisfaction of customary closing conditions. The new shares underlying the offered ADSs will have the same rights and benefits as, and rank pari passu in all respects, including as to entitlement to dividends and distributions, with, the Company’s existing and outstanding ordinary shares and will be entitled to distributions in respect of which the relevant record date or due date falls on or after the date of issue of the new shares. Cowen and Company, LLC and William Blair & Company, L.L.C. acted as joint book-running managers, BTIG, LLC acted as lead manager and KBC Securities USA LLC acted as co-manager for the Offering. The ADSs described above were offered by mdxhealth pursuant to a registration statement previously filed with and subsequently declared effective by the Securities and Exchange Commission (“SEC”). A preliminary prospectus supplement relating to the Offering has been filed with the SEC and is available on the SEC’s website at http://www.sec.gov. This press release does not constitute an offer to sell or a solicitation of an of...

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