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Home Headlines Artificial heart maker Carmat completes 7 million euro capital increase

Artificial heart maker Carmat completes 7 million euro capital increase

by Uma Rajagopal
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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)

 

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Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.