Company: NYXH
Filing Date: 2025-11-14
Form Type: 6-K
Source: 0001104659-25-111616
Chunk: 5

Company: Nyxoah SA
Filing Date: 2025-11-14
Form: 6-K
Chunk 5
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 Notes. The
Notes Subscription Agreement obligates us to indemnify the Notes Investor and various related parties for certain losses including those
resulting from (i) any misrepresentation or breach, or alleged misrepresentation or breach, of any representation or warranty made by
us, (ii) any breach of any obligation of ours, and (iii) any untrue statement contained in any announcement or press release published
by or on behalf of the Company with respect to the Notes.

Notes

Description of Notes

The Notes will be issued as senior amortizing
unsecured obligations of the Company pursuant to a Bond Instrument. The terms of the Notes include those provided in such Bond Instrument.

Initial Notes and Second Tranche Notes

On the First Tranche Notes Closing Date, the Company
expects to issue €22.5 million in aggregate principal amount of First Tranche Notes to the Notes Investor, subject to the Company’s
successful completion of the Private Placement and this offering and the satisfaction or waiver of certain additional customary closing
conditions, which include the requirement that the issuer maintains an Average Market Capitalization (as such terms are described in the
Notes Subscription Agreement) of at least €150.0. million.

During the period commencing from (and including)
the date falling seven months following the First Tranche Notes Closing Date to (but excluding) the date falling one month thereafter,
the Company may, at its option, require the Investor to purchase, in a single closing, the Second Tranche Notes, subject to the satisfaction
of standard closing conditions, which include the requirements that the issuer maintains a Last Market Capitalization and an Average Market
Capitalization (as such terms are described in the Notes Subscription Agreement) of at least €240.0. million and a Daily Traded Value
(as described in the Notes Subscription Agreement) greater than U.S.$1.0 million.

Ranking

The Notes shall rank in right and priority of
payment immediately after the Company’s liabilities under its existing credit facility with the European Investment Bank (the “EIB
Facility”) and are postponed and subordinated solely to the Company’s liabilities under the EIB Facility, except for any obligations
mandatorily preferred by law applying to companies generally. The Notes shall not be, and are not intended to be, subordinated to any
present or future indebtedness, obligations or liabilities of the Issuer, whether senior, pari passu, or otherwise, other than the liabilities
under the EIB Facility, except for obligations mandatorily preferred by