Company: NYXH
Filing Date: 2025-08-11
Form Type: 6-K
Source: 0001104659-25-075831
Chunk: 14

Company: Nyxoah SA
Filing Date: 2025-08-11
Form: 6-K
Chunk 14
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 downgrades to the U.S. government’s
sovereign credit rating or its perceived creditworthiness could adversely affect the U.S. and global financial markets and economic conditions.

If the equity and credit
markets deteriorate, it may make any necessary equity or debt financing more difficult to secure, more costly or more dilutive. Failure
to secure any necessary financing in a timely manner and on favorable terms could harm our growth strategy, financial performance and
stock price and could require us to delay or abandon plans with respect to our business, including clinical development plans. Further,
recent developments in the banking industry could adversely affect our business. If the financial institutions with which we do business
enter receivership or become insolvent in the future, there is no guarantee that the Department of the Treasury, the Federal Reserve and
the Federal Deposit Insurance Corporation, or FDIC, will intercede to provide us and other depositors with access to balances in excess
of the $250,000 FDIC insurance limit, that we would be able to access our existing cash, cash equivalents and investments, that we would
be able to maintain any required letters of credit or other credit support arrangements, or that we would be able to adequately fund our
business for a prolonged period of time or at all, any of which could have a material adverse effect on our business, financial condition
and results of operations. We cannot predict the impact that the high market volatility and instability of the banking sector more broadly
could have on economic activity and our business in particular. In addition, there is a risk that one or more of our current service providers,
manufacturers or other third parties with which we conduct business may not survive difficult economic times, including the current global
situation resulting from the COVID-19 pandemic, the ongoing conflict between Russia and Ukraine, the war between Israel and Hamas, the
instability of the banking sector, and the uncertainty associated with current worldwide economic conditions, which could directly affect
our ability to attain our operating goals on schedule and on budget.

The short and long-term implications
of Russia’s invasion of Ukraine are difficult to predict at this time. We continue to monitor any adverse impact that the outbreak
of war in Ukraine and the subsequent institution of sanctions against Russia by the United States and several European and Asian countries
may have on the global economy in general, on our business and operations and on the businesses and operations of our suppliers and customers.
For example, a prolonged conflict may result in challenges associated with timely receipt of customer payments and