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Artificial heart maker Carmat completes 7 million euro capital increase

by Uma
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2023 10 16T051642Z 1 LYNXMPEJ9F05W RTROPTP 4 AIRBUS CARMAT

Artificial heart maker Carmat completes 7 million euro capital increase

PARIS (Reuters) – Artificial heart maker Carmat, whose financial situation has been under pressure, said on Monday that it had completed a 7 million euro ($7.4 million) capital increase with several of its historical financial shareholders.

Carmat estimated it will nevertheless have to secure around 50 million euros ($52.6 million) in extra financing to cover its operations and investments until the end of October 2024.

($1 = 0.9503 euros)

 

(Reporting by Sudip Kar-Gupta; Editing by Jacqueline Wong)