Company: NYXH
Filing Date: 2025-11-14
Form Type: 6-K
Source: 0001104659-25-111616
Chunk: 8

Company: Nyxoah SA
Filing Date: 2025-11-14
Form: 6-K
Chunk 8
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) bankruptcy,
reorganization or liquidation events, (vii) material breaches of Company representations, warranties and covenants in the Notes Subscription
Agreement. In the event of an event of default, the Notes would be subject to redemption in an amount that is the sum of (i) the Make-Whole
Premium (as defined in the Bond Instrument) and (ii) an amount equal to the greater of 120% of the principal amount of Notes outstanding
on the relevant date and the relevant Parity Value (as defined in the Bond Instrument) of the Notes.

Change of Control; De-Listing Event; Free Float Event

In connection with a Change of Control (as defined
in the Bond Instrument) of the Company, the Company must provide notice to the Notes Investor within five (5) business days following
the occurrence of the Change of Control. If the Notes Investor elects to convert its notes after the occurrence of a Change of Control
of the Company, the Company must ensure the Notes Investor will receive the same consideration for Ordinary Shares of the Company arising
on such exercise as it would have received had such shares been submitted into, and accepted pursuant to the relevant offer in connection
with the Change of Control. In the event of a Change of Control, the Notes would be subject to redemption in an amount that is the sum
of (i) the Make-Whole Premium (as defined in the Bond Instrument) and (ii) an amount equal to the greater of 120% of the principal amount
of Notes outstanding on the relevant date and the relevant Parity Value (as defined in the Bond Instrument) of the Notes.

In addition, in the case of a change of a control,
if the Change of Control Resolutions (as defined in the Bond Instrument) are not passed before the Longstop Date (as defined in the Bond
Instrument) and filed with the Belgian authorities, the Notes Investor will have the right to require the Company to redeem in cash (or
shares, at the Notes Investors’ election) the Note.

In connection with a De-Listing Event or Free
Float Event (each as defined in the Bond Instrument), the Notes would be subject to redemption in an amount that is the sum of (i) the
Make-Whole Premium (as defined in the Bond Instrument) and (ii) an amount equal to the greater of 120% of the principal amount of Notes
outstanding on the relevant date and the relevant Parity Value (as defined in the Bond Instrument