Vitruvia Medical AG announced that it will issue convertible bonds for gross proceeds of CHF 2.2 million on November 26, 2022. The bonds will bear interest rate of 6% per annum and convertible into common shares of the company at a initial conversion rate of €2.50. The company will issue convertible bonds at par, at a price of 100%.

The transaction has been approved by the board of directors of the company. The bonds will have a term maturity expiring, 2025.