Company: NYXH
Filing Date: 2025-11-14
Form Type: 6-K
Source: 0001104659-25-111616
Chunk: 4

Company: Nyxoah SA
Filing Date: 2025-11-14
Form: 6-K
Chunk 4
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 together
with the First Tranche Notes, the “Notes”).

The issuance of the First Tranche Notes is expected
to occur no later than 22 days after the date of the Note Subscription Agreement (the “First Tranche Notes Closing Date”),
subject to the successful completion of the Private Placement and this offering, along with the satisfaction or waiver of certain additional
customary closing conditions. The issuance of the Second Tranche Notes is subject to additional customary closing conditions and will
take place upon satisfaction of such closing conditions (such date, the “Second Tranche Closing Date”).

The First Tranche Notes will be constituted by
a Bond Instrument, dated the First Tranche Notes Closing Date, by the Company. The Second Trance Notes will be constituted by a bond instrument
(the “Bond Instrument”) on such date as the closing conditions applicable to the Second Tranche Notes have been met (the “Second
Tranche Notes Closing Date”).

Assuming the successful issuance of both the First
Tranche Notes and the Second Tranche Notes, the gross amount of proceeds to us from the Notes Offering will be approximately €41.4
million. The Company expects to use the proceeds from the Notes Offering for working capital and other general corporate purposes.

This Current Report shall not constitute an offer
to sell or the solicitation to buy nor shall there be any sale of the Company’s securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state
or jurisdiction.

The Notes, and the ordinary shares issuable upon
the conversion or settlement thereof, including any Amortization Shares (as defined below), are not being registered under the Securities
Act. The ordinary shares are being offered to non-U.S. Persons (as such term is defined under Rule 902 of Regulation S) in a transaction
outside the United States pursuant to Regulation S.

The following is intended to provide a summary
of the terms of the agreements and Notes described above. This summary is qualified in its entirety by reference to the full text of such
documents, each of which will be attached as exhibits to a future filing.

Notes Subscription Agreement

The Notes are to be issued pursuant to the Notes
Subscription Agreement. The Notes Subscription Agreement provides for the sale of the Notes in the aggregate principal amount of €45.0
million at an 8.0% original issue discount, assuming the successful issuance of the First Tranche Notes and the Second Trance