Company: NYXH
Filing Date: 2025-03-20
Form Type: S-8
Source: 0001104659-25-026165
Chunk: 2

Company: Nyxoah SA
Filing Date: 2025-03-20
Form: S-8
Chunk 2
---
ersedes such statement. Any such statement so modified or superseded shall
not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

Item 4. Description of Securities.

Not applicable.

Item 5. Interests of Named Experts and Counsel.

Not applicable

Item 6. Indemnification of Directors and Officers.

Under Belgian law, the directors
of a company may be liable for damages to the company in case of improper performance of their duties. The Registrant’s directors
may be liable to the Registrant and to third parties for infringement of the Registrant’s articles of association or Belgian company
law. Under certain circumstances, directors may be criminally liable.

The Registrant maintains liability insurance for
the Registrant’s directors and officers, including insurance against liability under the Securities Act.

The New Belgian Companies
Code that entered into force on January 1, 2020, includes a cap on liability for directors (including persons in charge of daily
management) for any damages they cause due to mismanagement, including breaches of the articles of association and the New Belgian Companies
Code. This liability cap applies towards the company and third parties. For the Registrant, the cap amounts to €12,000,000. The cap
applies irrespective of the number of claimants or defendants for the same (set of) facts. However, the cap does not apply to repetitive
minor misconduct, serious error or cases of fraud. Furthermore, the cap does not apply to directors’ liability under the special
liability regimes relating to payment of withholding tax, VAT and social security contributions.

Certain of the Registrant’s
non-executive directors may, through their relationships with their employers or partnerships, be insured and/or indemnified against certain
liabilities in their capacity as members of the Registrant’s board of directors.

Item 7. Exemption from Registration Claimed.

Not applicable.

Item 8. Exhibits.

| Exhibit         
 Number          |     | Exhibit Description                                                                                        |     | Incorporated by    
 Reference herein   
 from Form or       
 Schedule           |     | Filing Date    |     | SEC File/ 
 Reg.      
 Number    |
| 4.1             |     | Articles                                                                                                   
 of Association, as amended (English Translation)                                                           |     | 20-F (Exhibit 1.1) |     | March 20, 2025 |     | 001-40552 |
| 5.1*            |