Company: NYXH
Filing Date: 2025-11-14
Form Type: 6-K
Source: 0001104659-25-111616
Chunk: 7

Company: Nyxoah SA
Filing Date: 2025-11-14
Form: 6-K
Chunk 7
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 of the Notes outstanding
at such time as would otherwise be scheduled to be paid either on (i) the final maturity date or (ii) on each of the final maturity date
and the immediately preceding Amortization Payment Date by giving notice to the Company, in which case such payments shall become payable
on the date specified in the notice which shall not be earlier than two business days following the date on which the relevant notice
is given.

Interest

The Notes will bear interest at a rate of 6.5%
per annum on the outstanding principal amount of the Notes payable in arrear every three (3) months beginning three (3) months after the
date of the Private Placement.

Conversion Price

The First Tranche Notes will have an initial conversion
price on the date of issuance of such First Tranche Notes equal to 125% of the price per ordinary share issued in the Private Placement.
The Second Tranche Notes will have a conversion price equal to 125% of the Market Price (as defined in the Bond Instrument) on the date
of the issuance. The Investor may elect to convert the Notes at the applicable conversion price at any time following the applicable issuance
date.

The conversion price of the Notes is subject to
adjustment in certain circumstances. Where the Company consummates a Relevant Equity Raise (as defined in the Bond Instrument), the Placing
Proceeds (as defined in the Bond Instrument) of which are equal to or greater than €2.0 million, the conversion price shall be reset
to the relevant Placing Price (as defined in the Bond Instrument) (if lower than the then prevailing conversion price).

Events of Default

The Notes contain standard and customary events
of default including, but not limited to: (i) the Company’s failure to pay any principal, interest, late charges, or other amounts
due under the Notes, (ii) the Company’s failure to deliver Ordinary Shares of the Company following any exercise of the Notes, (iii)
the Company’s failure to perform or comply in any material respect with any of its respective obligations under the covenants and
undertakings conditions of the Notes, (iv) the Company’s failure to perform or comply in any material respect with its obligations
in the Notes or the Bond Documents (as defined in the Notes), (v) the Company’s default under, or the occurrence of certain events
of default or other violations of the terms of, the other existing indebtedness of the Company and its subsidiaries, (vi